House Sales Falter Amid Mortgage Jitters and Political Turmoil

The UK housing market is cooling as high mortgage rates—stoked by recent Middle East conflicts—and political uncertainty deter buyers. With 747,000 homes actively on the market, sellers face rising supply and are increasingly forced to negotiate, with 13.4% of properties already reducing asking prices. [1, 2, 3, 4, 5]

Tracking the latest indicators provides a clearer picture of current market pressures:

• Weekly Sales: 24,100 homes sold STC (subject to contract), trailing the 10-year weekly average of 26,100.
• Year-To-Date: 620,000 homes sold STC, a 6.6% drop compared to 2025.
• Fall-Throughs: 23% of sales have fallen through, which remains below the decade average of 24.5%.
• Market Sentiment: Average UK house prices flatlined at £277,484 with affordability squeezed. [1, 2, 3, 4]

For the broader context on regional disparities—such as the 14% drop in London sales agreed compared to just 1% in the North East—refer to the Property Wire Market Update. To view comprehensive portals assessing your specific region, utilize Zoopla Property Market Data. [1]