Most buyers and sellers appreciate that agreeing to a property sale doesn’t necessarily mean that things will go according to plan. Around 1 in 3 property sales are still falling apart – often leaving both homebuyers and sellers out of pocket. Throw in the stresses of reinstructing estate agents and effectively starting the process from square one, it’s no surprise that so many people despise the process. Yet, given the notable advances in the PropTech space in recent years, it’s worth highlighting where things currently stand and – more encouragingly – where they may be heading over the next decade or so. The Current Problems Although investment purchases tend to be more secure, Jefferies International estimates that 51.8% of all UK properties on the market are failing to sell within 10 months. Of course, price and the speculative nature of … [Read More]
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Property Investor Factfile