Tuesday, 22 December 2020

Over Half Of House Sales Fell Through In Q3 Amid Covid Chaos

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.

https://www.propertyreporter.co.uk/property/over-half-of-house-sales-fell-through-in-q3-as-covid-bites.html 

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