London Homebuyers Vanish as Peak Prices Outpace Wages

Ruth Marchand said her six-bedroom house in the leafy south London village of Dulwich would have sold within six weeks if she’d offered it earlier this year. Instead, she’s still waiting for the first bid two months after the property went on the market.

“Nothing is selling now,” said Marchand, who said she doesn’t expect a deal before Christmas. “Any comparable houses in the area are still on the market.”