Data compiled by the quick house sale company indicates that the house sale fall through rate for Q1 of 2015 was 27.35 per cent.
Pre-recession fall through rates sat at just 9.09% in February 2006, but by 2008 the fall through rates had increased to 45.55%
Nikki Tollafield, Marketing Manager at Quick Move Now, commented:
“Looking at the fall through figures post-recessions, it is clear that the market is on its way to recovery. Although we still aren't at the low fall through levels we saw back in 2006, it's definitely a positive picture for the property market as a whole.
“The longer the chain of people involved in a house sale, the higher the chance the sale will fail to successfully complete. Even if your buyer is in a strong position for exchange and completion, the financial situation of others further down that chain can jeopardise the successful completion of the purchase”
