Market backlog

Property Chain

Demand for chain-free transactions climbs as buyers attempt to dodge the market backlog

Research from the homebuying platform, YesHomebuyers , has found that demand for chain-free properties has climbed across the UK’s major cities as many homebuyers look to minimise current market delays for a fast property purchase.

A chain-free sale is thought to reduce conveyancing times from around 12 to 4 weeks , which has become particularly sought after in the current market due...

Research shows a backlog in current property market conditions

You could fly to the moon 17 times in the time its taking to complete on property sales

Research by home buying platform, Yes Homebuyers , shows that in the time it’s taking for home buyers and sellers to complete on a sale in current market conditions, they could complete a world cruise, fly to the moon and back 17 times, or conquer Mount Everest.

In regular market conditions, it takes an average of 11 weeks between the point an offer is accepted on a property and the...