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The Independent UK

Business

Vicky Shaw

Housing market ‘increasingly relying on a smaller pool of serious buyers’

A view of Manchester, as Zoopla said that house prices in the north west of England have increased by 3.5% annually on average (Peter Byrne/PA) - (PA Archive)

Home buyer demand weakened in March as rising mortgage rates and global uncertainty linked to the Middle East conflict dampened confidence, according to a property website.

Zoopla said that agreed sales have fallen by 2% annually, with the market being supported by committed movers who already have mortgages agreed.

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