£900m economic opportunity in England ‘lost to property sales falling through’

Around a fifth of house sales fall through before later completing successfully, Rightmove said (Joe Giddens/PA Archive) - (PA Archive)

An economic opportunity of more than £900 million in England is being “missed” by property transactions falling through, calculations by Rightmove suggest.

The calculation is based on the volume of property transactions falling through and not returning to market within a year, factoring in typical stamp duty and estate agency commission.