PRESS: UK home sales fall to lowest level since financial crisis

Sales of new-build homes in the UK fell to the lowest level since the global financial crisis, The Times reported Saturday.

Figures sent to the Treasury show sales volumes in summer were even lower than registered during the pandemic.

The numbers were prepared by real estate firm Savills. The estate agency noted an average of 0.3 homes were being sold weekly per outlet, which is a standard industry metric, across the UK.

‘Sales rates over the summer of 2025 have reached their lowest levels since the global financial crisis,’ Savills reportedly said.

The equivalent average sales reported by big housebuilders at the bottom of the market in 2007-08 was 0.4 sales per outlet per week, while the long-term norm in the 2010s was about 0.7, the Times reported, citing figures from Savills analysts.

The current situation is the worst in the east and the southeast of England with 0.25 homes per week per outlet being sold.

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