One in three or 34% of home purchases fell through in the last 12 months, according to new research from online property platform Smoove.
Its inaugural Home Movers Report also revealed a stark contrast between the volume of busted transactions and booming market activity.
According to the report, homebuying activity has risen significantly, as new instructions are up by more than a third or 36% year-on-year. This number has even increased to 54% year-on-year for first-time buyers.
Click here to read the rest of this article.