"It’s in everyone’s interest that a house sale goes through quickly and smoothly. As a rule of thumb, it should take no longer than two months – that’s one month to exchange and a further month to complete. In my experience, any longer than that and people start to become jittery."
Recent analysis by LonRes has shown that year-to-date it's taking 100 days for a sale to go through in prime London. Simon Mapstone discusses the key reasons for this slowdown.
The full article is available to read online.
Simon is a consultant in the residential property team. He has over 40 years of experience in the prime London market and specialises in residential property work including site acquisitions, secured lending, development and property investment.