PARLIAMENTARY WRITTEN QUESTION
Housing: Sales (9 September 2024)

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.

Asked by:
Claire Hazelgrove (Labour)

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.

Answered by:
Matthew Pennycook (Labour)
17 September 2024