Analysis suggests that continued buyer caution, fuelled by growing speculation that interest rates will fall, is behind a rise in the number of failed sales.
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Fall-throughs already costing UK home sellers £909m and now market activity is about to surge
Sellers in Scotland can expect to find a buyer for their home in an average of just 43 days, almost twice as quick as those selling a home in Wales.
Down valuations are on the rise as lenders look to shield themselves from continued market turbulence.
The NAVA Propertymark member says that sales have surged this year, with 2024 already proving to be a much busier year for them.
New figures released by Quick Move Now and Home.co.uk have revealed the best and worst places to sell a property in the UK, based on how long properties sit on the market.
The average volume of properties in England listed for sale month-on-month saw a 58% rise in 2023 compared to 2022.
The dramatic rise in demand signals a more robust market and a much-welcome return of optimism for 2024.
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