The latest Propertymark market snapshot has laid bare what agents describe as shocking delays in property transactions, a finding that will resonate uncomfortably with anyone who has tried to buy or sell a home in the UK over recent months. Propertymark, the industry body representing estate and letting agents across the country, gathered the evidence directly from agents working at the coalface of the market, giving the report a credibility that generic commentary often lacks. For a sector already grappling with affordability pressures and cautious buyer sentiment, confirmation that the transaction process itself is becoming a bottleneck is a significant and troubling development.
Propertymark Snapshot Exposes Growing Transaction Delay Crisis
Estate agents report worsening delays in property transactions, according to Propertymark — a warning sign for buyers, sellers and the wider market.
Source
Developed from reporting by Estate Agent Today.
Topics
Propertymarktransaction delaysestate agentshousing marketconveyancing
