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2025-09-15 21:16:58
[UK Housing Market Cools, Buyers Wait for Prices] ⑴ The UK housing market showed signs of weakness in September, with average asking prices down 0.1% year-on-year. While overall sales volume increased 4% year-on-year, the number of listings increased significantly, particularly in the south, where the number rose by 9%. This suggests intensified market competition and a tendency for buyers to wait and see. ⑵ Although the average listing price rose 0.4% month-on-month to £370,257 in September, the market in the south saw a significant slowdown in sales, with properties taking an average of five days longer to find a buyer, indicating regional differentiation and a shift in market sentiment towards greater caution. ⑶ Despite rumors of a potential property tax, this does not appear to have a direct impact on the market in the short term. However, uncertainty surrounding the Autumn Budget may exacerbate wait-and-see sentiment in already underperforming markets, suggesting further downward pressure on the housing market.
