'Minor price reductions no longer sway buyers; instead, decisive cuts are what’s driving transactions' - Garrington

Zoopla expects prices to continue falling in London and the South East through the rest of the year.

Property consultancy warns that 'conflict in Iran and the resultant rise in mortgage rates has fundamentally changed the outlook for the UK housing market.'

The outlook is not rosy for either prime or mainstream markets this year, but the property consultancy senses a 'change in political direction' before 2030.