The political and economic chaos raging in the UK is boiling over into the London property scene as chains collapse, buyers put plans on hold and the capital’s housing market regresses into a pre-Covid state of malaise.
London’s estate agents had been waiting for September to come to get stuck into a busy autumn selling season, but the mini-budget at the end of the month set off a roller coaster of events that sent interest rates and mortgage repayments soaring and triggered the turn of the housing market.
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