Housing Market Slows to a Pace Equal to Market of a Decade Ago

The final months of the year are going to shape the housing market data and will likely reveal a shift in the market that was inevitable due to more expensive borrowing from higher interest rates. According to Zoopla real estate company, the volume of houses sold in the UK this year will be the lowest annual figure since 2012. The forecast is for a 21% decline in sales for 2023 compared to 2022.