Sales of homes are starting to collapse, so much so, sellers are now swerving buyers in a chain altogether – even if it means they get less money 🔴 lauriehavelock
With mortgage rates still rising, house sales are increasingly falling through – prompting sellers to favour cashMoney & Business ReporterSales of homes are starting to collapse, so much so, sellers are now swerving buyers in a chain altogether – even if it means they get less money.
Also peaking since the pandemic is the number of property sales falling through. The share of done deals which have then collapsed has jumped to 29.3 per cent in September, up from 27 per cent in August and the highest level since April and May 2020, when home moves were effectively banned, data from TwentyCi shows.
What this all means is that property buyers who also have a property to sell first are finding sellers are favouring chain-free buyers for a sale that is more likely to last the distance, data shared exclusively with i shows. “I was living in a two-up, two-down property in Kent which was cramped and dated with no central heating – so I was looking to upgrade. Our budget was around £600,000.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Live news updates: Starbucks beats sales forecast despite sharp declines in China\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Læs mere »
Xbox sales: TA Team Picks (November 3rd)Microsoft is cutting prices on a number of games in the Xbox Store again this week, applying discounts across Xbox Series X|S, Xbox One, and PC. Here is what the TA news team think is worth your time.
Læs mere »
Buddy the Elf stars in new Asda Christmas advert as Will Ferrel’s character joins sales teamAsda and Warner Bros partner to bring Buddy the Elf back to screens this Christmas as the star of the supermarket’s festive advert.
Læs mere »
Sales of homes at 136-house development near Ludlow beginA developer has announced the launch of sales at its new Ludlow Green development in south Shropshire.
Læs mere »
The 2008 crash was worse for the banks, but this recession could hit consumers harderWhile we may be in a recession for a longer period of time, we may not see the extremes of 14 years ago with major banks collapsing
Læs mere »
Burger chain Wendy's reveals Lincoln locationNew Lincoln High Street restaurant forms part of bid to return to UK
Læs mere »