It’s taking longer and longer for property sales to move from the acceptance of an offer to an exchange of contracts – bad news for landlords wanting a quick exit from the sector.
That’s the news from estate agent trade body Propertymark which says some 41 per cent of agents have reported average times stretching to beyond four months. This is a new record and stands well above the pre-pandemic average for July of only six per cent reporting such long delays.
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