Half of UK Homes Taking Longer to Sell Amid Mortgage Uncertainty

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The UK housing market is experiencing a notable slowdown, with half of all homes now taking longer to sell than they did a year ago. Prospective buyers are hesitating due to turbulence in the mortgage market and ongoing uncertainty around borrowing costs. Concerns over inflation and the possibility of further interest rate hikes are adding to the pressure on buyers and sellers alike. Scotland remains an exception, recording the fastest sales times compared to other regions. The trend reflects a broader 'wait and see' attitude among buyers navigating an unpredictable financial environment.

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