The fall for home buying was greatest in the West Midlands (-28%) and South East (-24%). It was lowest in Scotland, where it was down 11%. Around 40% of available mortgages were withdrawn from the market following the mini-budget.
Sky's Ed Conway looks at mortgage rates and their burdens - which are heading towards their highest levels since the late 80s.Analysis: Truss and Kwarteng billions short of the sums they need - can they fill the hole left by tax cuts?
Zoopla's report did add, however, that the Bank of England has reported an unseasonal 17% surge in new mortgage approvals over August, as buyers looked to move ahead of rate rises.Mr Donnell said:"The final few weeks of the year will be about closing out existing deals with agents, mortgage brokers, buyers and sellers facing increased down-valuations and general concerns about prices falling in 2023.
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