Why don’t lower volumes mean faster property transactions?

In 2024, we witnessed steady but consistently lower transaction volumes. That begs the question: Why don’t lower volumes mean faster transactions?

Spoiler alert: aside from some marginal variances, property transaction timescales did not vastly alter in 2024, despite reduced transaction volumes. The question is: why?   

Our parent company Landmark Information Group’s latest Property Transactions Report – entitled Why don’t lower volumes mean faster transactions? – seeks to answer that question (and more), delving into 17 years’ worth of data, with cross-market commentary from our experts.  

Major talking points covered in the report include:   

• What are the persistent bottlenecks in the home-buying process?   
• Where have timelines improved? 
• How do property transaction timescales compare to consumer expectations?  

In this report, we analyse the time taken between key transaction milestones and how they have changed over time, including: 

• Instruction to completion timescales for sales and purchases 
• Contract issued to buyer enquiries received timescales for sales 
• Instruction to mortgage offer received timescales for purchases 

Access your copy of the report by visiting this link.