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The Independent UK
The Independent UK
Vicky Shaw

Property sales that fall through ‘cost Britain £900 million a year’

England's economy is losing more than £900 million a year due to property transactions collapsing before completion, according to new data.

Analysis by property portal Rightmove indicates that nearly £392 million in potential estate agency revenue and £515 million in stamp duty were lost last year alone, stemming from sales that fell through and did not re-enter the market within a 12-month period.

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