The number of people looking to buy homes in the UK has almost halved since the disastrous “mini” Budget in September.
According to property portal Zoopla, demand is down by 44% since the day of the “mini” Budget, with the sharpest falls in south-east England and the West Midlands.
Plummeting demand has raised expectations that prices will fall next year. The Office for Budget Responsibility has forecast a 9% drop.
The average price achieved in recent weeks has been 3% below a seller’s asking price. For much of 2021 and the first half of this year it matched or exceeded the asking price, Zoopla said.
