Over half (52%) of house sales in England and Wales fell
through before completion in the third quarter of 2020, as Covid uncertainty
plagued the property market. The figures also show an annual fall through rate
of 43%. The reasons for failed property sales tell a story of how the property
market fared as the global pandemic unfolded. During the first and second
quarters of 2020, the primary reason property sales fell through was that the
buyer changed their mind and pulled out of the sale. This accounted for 36% of
failed sales in each quarter. Read more on the Property Reporter website.
The cruel policy that left councils unable to house families in London |
Letter
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*Stephen Pound *says local authorities had to sell off housing stock but
were not allowed to spend the proceeds on replacing the lost homes
Your report (...
3 days ago
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