UK housing sales fall but real ‘horror story’ yet to come

Experts say mini-budget has fed sense of mounting dread' into market with sales likely to plunge

The number of homes sold in September fell by nearly 40% as transaction levels returned to normal following the big spike caused by the Covid stamp duty holiday, with experts suggesting the real house sales horror story" is still to come.

Across the UK, 103,930 transactions were recorded in September, which was 37% lower than the same month in 2021, but roughly the same amount as in August, HM Revenue and Customs (HMRC) figures show.