Blog Post

Moving home: expectation vs reality

Gill - Head Gillian Bell Aug 19, 2022, 14:45 PM
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Properties continue to go under offer more quickly than pre-pandemic, but the time taken to complete a sale has risen. Conveyancing delays remain a significant issue.

In 2019 a survey of home movers found 55% of sales completed within 3 months. This fell to 45% in 2021. Early indications from the 2022 survey suggest that the proportion has continued to drop.

Managing expectations is crucial. For most buyers the process takes much longer than they expect. 86% of respondents to the 2021 survey expected to complete their move within 3 months.

For buyers in the market now, the 'move in for Christmas' date is fast approaching. Source: Dataloft, Property Academy, 2021, based on a survey of 16,000+ home movers

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