[Report: Interest Rates and Political Turmoil Stall the UK Real Estate Market] According to a report by Golden Finance on June 30, real estate website Zoopla revealed that higher mortgage rates and political uncertainty have led to a shrinking pool of homebuyers, causing a decline in UK housing transactions in June. The report stated that since January this year, three out of five homes listed for sale remain unsold, with housing transactions over the past four weeks down 7% compared to the same period last year. However, the decline has been relatively moderate in northern England and Scotland, as these regions have limited housing inventory and face less severe increases in mortgage repayment burdens compared to the south. With higher borrowing costs and political resistance reducing the number of buyers in the market, homebuyer demand has also dropped 15% year-on-year. The report noted: 'The change in prime ministers, along with uncertainties surrounding future tax and spending priorities in the autumn budget, has exacerbated the uncertainty.'