An increase in buyer and seller activity means that the UK is expecting to see a higher number of property transactions this year than in 2023. However, it is taking a long time to complete a sale once a property has found a buyer.
After a sale has been agreed, there is currently an average of 154 days until legal completion. In total, sellers can expect to wait seven months between putting their property on the market and moving home [1].
How to improve? To make the process more efficient, experts at Rightmove suggest ‘providing more accurate information about a home earlier to potential buyers and better connecting the parties involved in the transacting process through technology.’
Don’t wait – list your property Christmas may feel far away but, if you are hoping to move home by the end of the year, you may wish to put your property up for sale now!
[1] Rightmove, 2024
🚨 Data accurate as of the date of publication –03.09.2024
🚨Information within this blog is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed.
🚨Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.
Source: Quilter Financial Planning – Essentially Mortgages Q3 2024
