Buyer hesitation causes third of property sales to collapse
Original Article Summary
A third of property transactions in England and Wales fail because buyers or sellers change their minds, according to research from property services group LRG. The findings show hesitation causes significantly more failures than surveys or mortgage issues. The post Buyer hesitation causes third of property sales to collapse appeared first on PropertyWire.
PropMatch Curated Analysis
Research shows 34% of property transactions fail due to buyer/seller hesitation, with 80% supporting legally binding offers as a solution. Government consultation on home buying reforms could reduce the 82,000+ quarterly transaction failures.
Investor Relevance
High transaction failure rates directly impact investor acquisition costs, time to complete deals, and market liquidity. Proposed binding offer reforms could improve deal certainty and reduce wasted due diligence costs for investors.
Original Source:
PropertyWireStay Updated
Subscribe to our weekly briefings for curated property news and insights