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 experiencing record delays with 43% taking over 17 weeks to exchange, while rental demand intensifies with 7 applicants per property and rents rising 3.5% annually.
Investor Relevance
Extended transaction times increase deal risk, affect cash flow planning, and may create acquisition opportunities as frustrated sellers potentially accept lower offers. Strong rental demand signals continued PRS investment viability despite affordability pressures.
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