Four out of five flats fail to sell ‘within six months’, warns Zoopla
Summary
Zoopla says flat sales are taking longer, with around four in five flats not selling within six months, reflecting weaker demand and greater uncertainty in the sector. The article links this to leasehold complexity, service charges, ground rents, building safety concerns and lender caution, with the flat-house price gap now at a three-decade high.
Why it matters
Residential surveyors are likely to encounter these issues in valuation, sales advice and leasehold reporting, particularly where service charges, ground rents or building safety concerns affect marketability. The piece also signals continued lender sensitivity around flats, which can influence comparable evidence and saleability assessments.
Key points
- Zoopla reports that four out of five flats are not selling within six months.
- Weak demand and uncertainty are said to be dragging on flat values.
- Leasehold issues, service charges and ground rents remain key buyer concerns.
- Building safety and cladding issues continue to affect flat sales and lending.
- The price gap between flats and houses in Britain is at its widest in three decades.
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