More than one million homeowners unable to achieve sale in past year

 

 

One and a half times as many homeowners were unable to sell properties during the last 12 months as those who successfully moved house, according to new figures.

 

There were more than 1.1 million failed attempts at selling, with unrealistic prices cited as a major factor, compared to 725,000 successful property transactions.

At the same time 755,000 prospective buyers were unable to complete purchases, one in ten of whom were unable to raise a sufficient deposit.

 

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