‘A Dickensian legal process’: Why property deals take so long to complete

News

Propertymark data shows that, in March 2016, 78% of transactions progressed from offer acceptance to exchange of contracts within 12 weeks; in March 2024, the figure had slumped to just 29%.

This content is available only to PrimeResi Members.

If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.

News

Housing redress scheme found in favour of consumers in 83% of cases in 2023, awarding a total of £1.52mn.
News

“The new code of practice will look to set standards at a higher level than currently legally set," says steering committee leader Baroness Hayter.
News

The EU's Fifth Money Laundering Directive is slated to come into play in January, requiring UK letting agents dealing in rents above €10k per month to carry out AML checks on their clients.