Episode Details
Back to EpisodesIran Conflict Slams UK Housing Market
Description
The Iran conflict is causing a housing market downturn in the UK, with estate agents reporting a significant drop in listings and sales. Lenders have pulled cheap mortgage deals and increased rates, leading to a surge in remortgaging costs. Homeowners and buyers are feeling uncertain, with prices dropping and chains collapsing. Despite a brief ceasefire, volatility remains a concern, leaving many in a state of wait-and-see.
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