Yes Homebuyers, has revealed that it’s bad news for UK home sellers hoping to move home before Christmas. Data from Yes Homebuyers shows that so far this year, the average time it’s taken from an initial buyer enquiry until the completion of a property sale is 140 days - 10 per cent longer than the time it took to complete in 2019.
This gradual increase is due to the political uncertainty seen pretty much since the EU Referendum, with the current coronavirus pandemic adding to these delays in 2020.
The reopening of the market has caused an enormous influx of buyer demand, resulting in properties being snapped up at an incredible rate.However, the broken cycle of selling a property in the UK means there have been huge delays in sales.
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