Properties on the open market take a whopping ‘105 days’ before they are sold
Recent figures by Rightmove show that properties are now, on average, on the market for over 105 days before they are sold.
The Telegraph reports that last April, the average time on the market was less than 80 days, showing that sellers are increasingly having to wait to sell their homes and move elsewhere.
Lee Gladwell, business development director at Platform, the Co-ops intermediary lender said: “Uncertainty around the economy, employment and house prices is continuing to dampen demand for house purchases and this is driving demand from those choosing to rent rather than buy.”
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