Foxtons suffers 35% slump in house sale fees
Iran war has hit buyer sentiment and affected mortgage rates and availability, says chief executive
Related reading
UK housebuilders scale back as Iran war and interest rates mute demand
Cuts to earnings guidance and land purchases cast doubt on whether government will meet 1.5mn new homes target
Interest rates take fright
The market’s calm in the face of war is beginning to crack
America’s tightening cost of living squeeze
The Iran war has intensified US households’ affordability struggles
Short rates have overshot
Plus the social media lawsuits
Markets should pay heed to the affordability squeeze
Political pressure in response to public anxiety will demand policy responses
Get used to the long Iran war
Tehran has a strong incentive to keep the conflict going