New figures have revealed that, in the past year, the number of chain-free properties sold has increased by a huge 29%.
Data from a popular property purchasing specialist has revealed that a total of £28.8 billion was spent on chain-free purchases in the last 12 months. This is £8.7 billion, or 43%, higher than the previous year and is a situation reflected across every region, with increases in both the quantity and the value of transactions across the UK.
It is easy to see the appeal of a chain-free purchase. There is much less chance of a sale being delayed or falling through when there is no chain involved. Statistics published this month indicate that a chain-free transaction takes, on average, 60% less time to complete than when a property is in a chain.
The great news for sellers is that it seems homebuyers may be willing to pay a premium for a house that is not part of a chain.
If you are thinking of selling your home, now is a great time to get a valuation. Book a valuation today.
