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News | Mail Online

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Do you live in a property sinkhole? Find out where in the...
Angela Epstein · 2026-06-17 · via News | Mail Online

There are few experiences more frustrating in the average adult's life than attempting to sell a house that just won't budge. And the truth is, the reason large numbers of properties on the UK market won't sell is rarely because they lack appeal.

They've simply been overpriced.

Indeed, according to recent research by Zoopla, nearly half of UK homes listed for sale over the past three years didn’t complete purely on account of the price tag.

To make matters worse, a third of vendors acknowledged that they’d set the asking price too high.

According to Richard Donnell, Executive Director at Zoopla, one of the reasons this happens is that when homeowners have been in their property for several years, they may lose touch with its true worth.

Research from property search portal shows that nearly half of the UK hmes listed for sale over the past three years failed to complete as a result of the overinflated price tag

Paul Gibbens, Property Expert at Housebuyers4u, adds that buyers’ increased selectivity has only added insult to injury.

He explains: ‘A house sitting unsold for six months is rarely a demand problem - it’s usually about affordability.  

'The sellers who accept that early tend to move on, and the ones who don’t often end up cutting their price anyway, just three months later.’

Meanwhile, in these comparison-driven, well-informed times, buyers are savvy enough to spot what appears to be out of step with reality. But which areas are struggling the most to shift over-inflated properties?

Bournemouth, Dorset

It now takes more than three times as long to sell a flat in central Bournemouth than it did a year ago, according to analysis by Garrington Property Finders.

‘The slowdown in the Bournemouth market has a lot to do with sellers holding onto price expectations that no longer match reality,’ said Paul Gibbens.

One reason is Bournemouth’s abundance of holiday flats. The abolition of the Furnished Holiday Lettings tax regime in April 2025 removed mortgage interest relief and capital allowances on these properties.

Around the same time, council tax doubled on second homes in Bournemouth, Christchurch and Poole – resulting in an overstuffed market of properties both expensive to buy and maintain.

According to analysis from Garrington Property Finders, it now takes more than three times as long to sell a flat in central Bournemouth than it did a year ago

One of the issues faced by the Bournemouth property market is the vast number of holiday lets in the area, which saw mortgage interest and capital allowance relief abolished in 2025

Llandudno, Wales

In the shadow of the Great Orme, this faded-but-charming Victorian North Wales seaside town has long held appeal, with its buzzy town, long promenade and sweeping coastline.

However, the housing market in Llandudno is increasingly being stunted by vast overpricing. Indeed, latest data shows properties in the town are now taking between five to nine months to sell.

While average values in the area sit broadly between £200,000 and £240,000, many properties are on the market for far more; you can find numerous properties over the £1,000,000 mark – many of which sold as second homes.

Despite its buzzy feel, Llandudno's property market has been 'stunted' by vast overpricing in the area

Brighton, East Sussex 

Brighton seems to have it all. Thronging with creative businesses and independent shops, you can breathe lungfuls of sea air, and have the South Downs right on your doorstep.

But despite these myriad draws, Brighton has become a pricey place to live – which might explain why almost a third of places for sale (29 per cent) stay on the market for over six months – outpricing many with an average sale price of around £503,000.

Despite its many draws, Brighton has become an expensive spot to live in recent years - which explains why so many properties stay on the market for six months or more

Belgravia & Knightsbridge, Greater London

According to research from property experts, LonRes, 64.5 per cent of properties currently available in the area have been for sale for more than six months, and only 11.2 per cent of flats and 12.6 per cent of houses on the market are currently under offer.

‘The Royal Borough of Kensington & Chelsea is suffering from a glut of properties stagnating on the market, due to overvaluation by agents desperate for the stock in an area where good available homes are at a minimum,’ says Jamie Hope, managing director of Sales at Maskells.

Property experts LonRes estimate that 64.5 per cent of properties on the market in Belgravia and Knightsbridge have been on sale for over six months

Midlothian, Scotland

Sitting south of Edinburgh between the city’s suburbs and the rolling uplands of the Scottish borders, Midlothian might not seem an obvious place for overvaluation.

However, according to property consultant Greg Dallaire, many sellers have been left with properties that don’t move because they’re valuing their properties based on prices in the centre of Edinburgh.

‘Buyers who are looking for properties in Midlothian are those who want a cheaper alternative to the city and come with realistic expectations. When they find a home whose price doesn’t reflect its real value, but instead tries to compete with city prices, they simply find something else. That is why many homes in Midlothian sit on listings for several months at a time without any progress.’

Midlothian might not seem the obvious place for overvalutaion - but consultant Greg Dallaire explains that many properties in the area are valued based on prices in the centre of Edinburgh

Leeds, Yorkshire

The Yorkshire city has been buzzing with growth, and is now one of the UK’s main financial and professional services hubs outside London. But this hasn’t stopped properties remaining unsold on the market.

‘The problem happens when sellers hold onto prices even when demand starts to fall. Local buying power in Leeds simply can’t keep up with those prices and as a result homes sit on the market for months without serious offers,’ says property consultant, Greg Dallaire.

Despite its rapid growth over the past few years, Leeds' property market has struggled to keep up with its over-inflated prices

Bath, Somerset 

With its Georgian crescents, honey-coloured stone terraces and sweeping streetscapes, Bath is certainly a lovely place to live. It’s also a very walkable city, with riverside paths along the Avon, Roman ruins and hillside viewpoints.

As a UNESCO-listed Georgian city, it’s also a draw for buyers from London and Bristol looking for a lifestyle move. As a result of these many draws, though, local sellers have tended to base their asking prices on the boom years – rather than what fits realistically today. 

Indeed, according to data from Home.co.uk, it currently takes between 10 to 14 months to sell – well beyond the current UK average of four to six months.

UNESCO-listed city Bath has enormous appeal, with honey-coloured stone terraces and winding river walks. However, as local sellers have tended to base prices on the 'boom years', it currently takes up to 14 months for some properties to sell

Sandbanks, Dorset

A sun-soaked sliver of land overlooking Poole Harbour, it’s no surprise that Sandbanks has historically drawn in buyers looking to enjoy its Blue Flag beaches, spectacular views and clear waters.

However, the introduction of the five per cent second home stamp duty surcharge and general return to urban life post-pandemic has resulted in a plethora of overpriced properties unsold in the area.

‘Some have also had the triple hit of double council tax for second homes on top, significantly taking the froth off the market,’ says Charlie Warner from national buying agent, Heaton & Partners.

The Sandbanks market has similarly suffered at the hands of rising maintenance fees for the properties themselves; buyers may be saddled with rising service charges for communal gardens, gyms and swimming pools – in addition to already steep mortgage payments.

Homeowners in popular spot Sandbanks have suffered thanks to rising maintenance fees and double council tax - significantly stagnating the market

Wilmslow, Cheshire

Detached properties and homes above £1million in this smart part of Cheshire’s so-called golden triangle – beloved of footballers and Northern glitterati – can languish on the market for months, says property expert Sam Fox, founder of the UK Mortgage Centre.

‘Places such as Wilmslow continue to attract plenty of interest, but properties that come to market with price tags well above comparable recent sales can end up sitting unsold for months.

'Buyers in these areas tend to be well informed, and aren’t prepared to pay a premium unless there’s a clear reason to do so.’

Property expert Sam Fox explains that prospective buyers in Wilmslow tend to be well informed, meaning they are unlikely to pay higher prices unless there's clear reason to do so

Mumbles, Wales

Sitting directly on Swansea Bay and an entry point to the stunning Gower Peninsula, Mumbles is one of Wales’ most expensive coastal areas, thanks to award-winning beaches and sense of history (including a Victorian pier).

Mumbles-based estate agent, Gary Hancock of Home with Hancock, writes: ‘One of the biggest reasons homes fail to sell quickly is overpricing. While it’s tempting to aim high, an overpriced property can sit on the market for months, eventually forcing a price reduction.’

Mumbles has become one of Wales' most expensive coastal spots - but overinflation has led to significant stagnation in its once-thriving property market