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UK House Sales Slow as ‘Intense’ Market Starts to Cool

  • Buyers are getting more sensitive to prices, Zoopla says
  • Properties took two days longer to find new owners in May
Zoopla also said house price growth in May was the lowest since December 2019.

Zoopla also said house price growth in May was the lowest since December 2019.

Photographer: Chris Ratcliffe/Bloomberg
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The number of UK house sales fell in May, the latest sign that the red-hot property market is starting to cool.

Sales agreed in May were down 13% year-on-year, according to Zoopla’s UK House Price Index report. The average time to agree a sale is also rising -- taking 22 days in May, from 20 days in March.