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flag UK housing market slowed in early 2026 due to weak buyer sentiment, rising rates, and global instability.

flag Britain's housing market slowed in early 2026 as buyer sentiment weakened, with new enquiries falling to a net balance of -26 in February, the lowest since December, according to RICS. flag The decline coincided with escalating Middle East conflict, rising energy prices, and fears of prolonged high mortgage rates. flag House price expectations dropped to -12%, sales activity weakened, and near-term sales outlook turned negative. flag Despite a year-on-year price rise of 1.3% in February, ongoing supply shortages and geopolitical uncertainty are dampening confidence, with agents citing global instability as a key drag on market momentum.

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