Demand for chain-free homes rises
New figures have revealed that, in the past year, the number of chain-free properties sold has increased by a huge 29%. *
A total of £28.8 billion was spent on chain-free purchases in the last 12 months. This is £8.7 billion, or 43% higher than the previous year and is reflected across every region, with increases in both the quantity and value of transactions. *
It is easy to see the appeal of a chain-free purchase. The key benefit is that there is a much smaller chance of a sale being delayed or falling through. Statistics indicate that a chain-free transaction takes, on average, 60% less time to complete than when a property is in a chain. *
The great news for sellers is that it seems homebuyers may be willing to pay a premium for a house that is not part of a chain.
If you are thinking of selling your home, now is a great time to get a valuation. Book a valuation today.
*Property Reporter
