One in three home transactions collapse with £2,000 of costs: Rightmove

The home moving platform says that 34% of home buying purchases fell through in the last 12 months in its first bi-annual Home Movers Report, which aims to highlight the “inefficiencies and pain points that run through the entire housing market system”.

The report adds that a collapsed sale may also lead to “wasting almost £2,000 on associated costs” such as legal and surveying fees.

It points out that “the volume of busted transactions contrasts with booming market activity”.

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