There has been a 45 per cent fall in London estate agent inquiries, reports Zoopla
(Picture: Shutterstock / ZGPhotography)Demand for homes in London has almost halved since the disastrous mini-Budget as thousands of panicked buyers scrap plans to purchase properties.
Latest data from property portal Zoopla shows a 45 per cent fall in the number of people making direct enquiries with estate agents, seen as an accurate measure of activity in the market. The fall is far bigger than the 37 per cent decline for the UK as a whole and shows how the London market — where prices are at all-time highs and by far the most expensive in Britain — is most vulnerable to the impact of mortgage rate increases.
