House sales taking 295 days to complete thanks to Covid

UK house buyers and sellers now wait for almost ten months to get their hands on keys and cash as the demand for property sees councils and legal professionals buried under an avalanche of admin. A deep dive into data from property websites and the Land Registry has revealed the runaway impact of the stamp-dutyContinue reading “House sales taking 295 days to complete thanks to Covid”

Fears of UK house price bust rise after summer sales boom

Predictions of sharp downturn next year are gaining ground among experts as outlook dims. In April, with the UK in coronavirus lockdown and the property market frozen, estate agent Savills predicted that house prices would fall by 5 to 10 per cent in the short term.