Thursday, July 31, 2008

Average time between offer and completion falling - Central London Property Sales

Chard London estate agents reports that the average time taken between a buyer making an acceptable offer and exchange has fallen marginally compared to last year's figures, from 7.3 weeks to 6.4 weeks. The time therefter to completion has also fallen, to just over three weeks from 4.1 weeks a year ago.

Whether or not these figures are statistically significant or not we can't say, but it does illustrate what we're seeing on the ground - that buyers and vendors are tending to be more decisive once a sale has been agreed.


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