2022 has been the year of the property fall through. Almost every month, a new set of statistics has been released showing the number of sales that have been aborted is on the rise.
Mounting evidence suggests that buyers are revising the offers they are prepared to make due to affordability constraints, leaving a trail of disappointed sellers in their wake.
After a prolonged period of house price rises and frenzied selling activity, the momentum is ebbing away from the sales market and sellers are having to face a new reality.
Back in November 21 we reviewed the potential implications of the reversion back to standard procedures for Section 21 and Section 8 notices following the pandemic.
With the value of property soaring in recent years and the cost of living reaching crippling rates, the topic of equity release has found its way back into the mainstream press.
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