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Number of home sales falling through in England and Wales up steeply at end of 2018

January 10, 2019 / Quick Move Now

There was a sharp increase in number of failed house sales in England and Wales in the last quarter of 2018, down almost 50%, but overall the outlook remains strong, new figures suggest. Some 49.8% of all house sales in England and Wales fell through before completion in the final quarter of 2018, according to a report from independent home buyer Quick Move Now. This was up from 28.3% in the third quarter, while for 2018 as a whole it was a steady 30.6%, just 1% higher than in 2017, with the rate being higher towards the end of the year.