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"What percentage of house sales in the UK typically collapse before completion?"
31% of all house sales fall through at least once before completion, according to a survey of 305 people who have sold or tried to sell their home.
The most common reasons for a house sale falling through are a change of heart or circumstance, followed by a break in the chain and mortgage problems.
If there are two houses in a chain, there is a 42% chance that one of the house sales will fall through at some stage in the process.
If there are three houses in the property chain, the risk of one or more of the house sales falling through is more than half, at 56%.
Around one in three house sales in the UK fell through in the last quarter of 2021.
39% of property sale collapses in 2021 occurred after an agreement had been reached.
50% of failed sales in 2022 were due to the buyer changing their mind or after an unfavourable survey.
30% of failed sales were due to difficulty getting a mortgage.
Delays in the conveyancing process can result in buyers losing patience and sales falling through.
UK property sales are falling, with a net balance of 49% expecting house prices to fall over the year ahead.
The number of homes sold in September fell by nearly 40% as transaction levels returned to normal following the big spike caused by the pandemic.
UK housing sales are set to fall as high as the difference between the percentage of surveyors seeing rises and falls in the fell to a net balance of 44% in July.
The fall in transactions from late 2007 coincided with the financial crisis before which transactions had increased steadily before peaking in mid-2006.
Property sales fall-throughs hit a five-year high during the third quarter of 2022, with research suggesting a sharp increase in both the number of properties falling through and the percentage of fall-throughs.
UK house prices fell by 11% across the country, with a steeper drop in London of 15% to an average price of £536,800.
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