UK homebuyers on sidelines: Why British house prices could remain stagnant for longer

House prices in the United Kingdom are projected to face a prolonged period of stagnation. With high mortgage rates and ongoing geopolitical conflicts dampening buyer enthusiasm, the estate market is bracing for subdued activity during the summer season. Additionally, domestic political uncertainty adds to the financial markets' apprehension. A recovery in this sector will largely depend on improved stability in interest rates and the global economic landscape.

By TOI REAL ESTATE DESK