Number of buyers pulling out of property sales rises

New data reveals that the number of buyers pulling out of property sales and collapsed chains has increased sharply over the past three months. Analysis by TwentyCi, a property data company, found that the share of agreed sales collapsing before completion jumped to a high of 25.4% in November, up from 23% in October and 21% in September. This compares with a rate of 22% in November 2021, and 23% in the same month in 2019. In the week after the mini-Budget, the number of housing sales that fell through rose to around 7,900, from 5,890 previously, and then increased to 8,500 in each of the following two weeks. 

The Daily Telegraph (23/01/2023)