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Average transaction times have extended by four weeks since 2019, according to statistics published by Connells Group this week. Leasehold transactions are driving much of the increase in average timescales, with a typical leasehold transaction taking 155 days to reach exchange in April – 58 days longer than a freehold property.
The es...
The Council for Licensed Conveyancers (CLC) is introducing new requirements for individuals and firms to undertake and report on ongoing competence, as part of a new Ongoing Competence Code.
The code, effective from 1st November, includes the assessment of training by senior colleagues. Individuals will be required to complete and report on a minimum o...
An EWS1 form is intended for valuation and lending purposes only and is not a fire safety certificate and does not replace a professional life safety fire risk assessment, according to new guidance.
The Royal Institution of Chartered Surveyors (RICS) has published the second edition of its UK professional standard,
Nearly half of all homes listed for sale in the UK do not sell, according to Zoopla. Analysis of listings on the property portal identified 44% of homes listed in the past three years didn’t attract a buyer.
Out of touch sellers are contributing to the issue, according to Richard Donnell, executive director at Zoopla. “It comes down to a few decisions,...