Housing: Sales

(asked on 9th September 2024) - View Source

Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, whether she has made an assessment of the implications for her policies of levels of house (a) buyers and (b) sellers withdrawing from a sale at the last minute.


Answered by
Matthew Pennycook Portrait
Matthew Pennycook
Minister of State (Housing, Communities and Local Government)
This question was answered on 17th September 2024

The Government recognises that the current home buying and selling process in England is slow, costly and stressful, and that transactions falling through can contribute to this.

On average, around one in three transactions fall through before completion, costing consumers around £400 million in direct costs alone.

We continue to consider how to drive improvements most effectively across home buying and selling for both consumers and the sector.

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