Property transactions take over 17 weeks to exchange
Original Article Summary
Property transactions in the UK are taking significantly longer to complete, with 43% of housing sales now requiring more than 17 weeks to reach exchange. The trade body described the figure as the highest level recorded, highlighting ongoing inefficiencies in the transaction process. The post Property transactions take over 17 weeks to exchange appeared first on PropertyWire.
PropMatch Curated Analysis
UK property transactions are taking significantly longer with 43% now exceeding 17 weeks to exchange - a new record high - while rental demand intensifies with 7 applicants per property amid constrained supply.
Investor Relevance
Extended transaction times increase holding costs and reduce deal velocity for investors. Strong rental demand (7 applicants per property) and rising rents (3.5% annually) signal continued opportunities in buy-to-let markets, while weakening buyer demand may create acquisition opportunities.
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