UK Housing Market Slump Shows Signs of Stabilizing, Agents Say

The UK housing market shows signs of stabilizing, with a survey indicating that new buyer demand remained unchanged in May after three months of decline. While sales activity is subdued and prices continue to fall, the pace of this decline appears to be easing. However, agents caution that it is too early to declare a recovery, as higher borrowing costs and fragile sentiment persist.

• •UK housing market activity shows signs of stabilizing.
• •New buyer demand remained flat in May.
• •Higher borrowing costs continue to impact the market.