England Economy Missing Out on £900m as House Sales Collapse

The England economy is facing a significant loss of revenue as property sales collapse across the country. Recent analysis shows that more than £900 million of economic activity is being lost each year because home transactions fail to complete before falling out of the market. This situation is not only hurting estate agents and buyers but also the broader tax base and consumer confidence. The slowdown in house sales is creating ripple effects that touch everything from consumer spending to the stock market outlook.