economy
‘Time kills a deal’ more than ever in a slow housing market
In prime London, the ratio of homes under offer to fall-throughs has not been this high since the 2008 financial crisis. Imminent conveyancing reform needs to be radical
TL;DR
- The ratio of homes under offer to fall-throughs in prime London is at its highest since 2008.
- This trend indicates a challenging housing market.
- Radical conveyancing reform is deemed necessary.