Britain’s housing market is in a slump. More and more people trying to sell are finding that nobody is willing to pay what they’re asking for their homes.
Some find that their shared ownership flats look like bad value to buyers. Others don’t want to take a hit on what they paid when prices were climbing more quickly. And the slow progress on leasehold reform has left other sellers in limbo.
So, who’s responsible for Britain’s unsellable homes? Housing reporter Pete Apps, policy expert Rose Grayston and housing guru Charlie Lamdin give their perspectives.
I keep getting asked why the UK housing market is so slow. House prices are the problem.
Not mortgage rates, not the war in Iran, not this idea that we simply have not built enough houses. The prices are too high for the people who need to move. Until we are honest about that, everything else is just rearranging the furniture.
