Property sale failures cost agents £392m in lost revenue
Original Article Summary
Property transactions that collapsed in England during 2024 resulted in nearly £392 million in lost revenue for estate agents, according to data released by Rightmove. The property portal's analysis shows that 6% of property transactions fail to complete and do not return to market within 12 months. The post Property sale failures cost agents £392m in lost revenue appeared first on PropertyWire.
PropMatch Curated Analysis
Property transaction failures in England cost estate agents £392m in 2024, with 23% of transactions experiencing fall-throughs and average completion times of 5 months. Industry calls for digitisation to reduce structural inefficiencies affecting all market participants.
Investor Relevance
Transaction delays and failures directly impact investors through increased costs, extended holding periods, and deal uncertainty. Understanding fall-through rates helps investors budget for transaction costs, plan completion timelines, and assess market liquidity risks when buying or selling properties.
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