Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility

Many buyers wait in hope of better deal, although there are hotspots in Scotland and northern England

Half of homes in Great Britain are taking longer to sell than last year as volatile conditions in the mortgage market amid the Iran war prompt buyers to “wait and see” if they can get a better deal, according to a report.

As the Middle East conflict continues to unfold, the property platform Zoopla said homes in 180 out of 363 local authorities in England, Scotland and Wales were taking longer to sell compared with a year ago.