Flat sellers face stagnant market and falling prices across England

A number of flat owners across England are struggling to complete sales, despite renovations, price reductions and attractive locations. Susan Young in a Devon seaside resort reduced her price to £280,000 on a freehold flat she bought for £300,000, yet only four viewings have occurred in nine months. In London, Louisa’s leasehold flat, bought for £200,000, fell through a third time when a buyer sought a £10,000 discount, prompting her to seek a cash offer while considering renting the unit.

Zoopla’s 2025 data reveal that the majority of leasehold flats stayed on the market beyond six months, with the highest unsold percentages in London, the south-east and the east of England. Experts point to leasehold issues, a gap between investor-set prices and first-time-buyer budgets, stricter mortgage lending and lower surveyor valuations as drivers of the slowdown. Advice for sellers includes setting a competitive price from day one, emphasizing low service charges, and considering lease extensions for properties with short remaining terms. The ongoing difficulty is leaving both owner-occupiers and small landlords uncertain about future prospects.