May 2017
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A £677,600,000 a year home-buying rip-off? And lots of happy surveyors and solicitors?

The expensive mess

There are about 1,100,000 homes sold in England and Wales each year. Of these around 28% of sales (308,000) fall through. The main reasons for sales falling through seem to be things like adverse surveys, gazumping/gazundering, incompetent/lazy solicitors and chains breaking down.

The average cost of a collapsed sale is around £2,200 […]