Buying reform could slash transaction time by almost 30% – claim
Reforms to the house buying process in England and Wales to bring it more into line with Scotland could slash the typical transaction time by almost 30 per cent according to new research.
A quick sale company, Property Solvers, has analysed what it claims to be the largest capture of house sales data of its kind, measuring the moment a property is listed on Rightmove until the point at which it is marked ‘sold’ at HM Land Registry.
Residential sales across Scotland took an average of 12.57 weeks to sell compared to 16.11 weeks in England and Wales – representing a difference of over 28 per cent.
In Paisley, in the 12 months to the start of this month, it took an average of eight weeks for 251 properties to sell.