>>many didn't want to disappointed after finding a house they wanted and then it be sold before they could make an offer.
Buying property is a PITA really, anyone can make an offer on a property, and pull out right at the last moment. One olde cottage I looked at in St Neot (Bodmin Moor) had a 'sitting' tenant and I wasn't told until we went to see it, that she had an 18 month contract with the owner!
I was prepared to rent the property 'til we exchanged contracts, but it turns out she was shielding too. We wore our face muzzles, but when it came to removing our shoes before entering the property, we gave it the elbow.
The property, called Jericho :) remained on the market for months, gawd knows how many people traveled miles (like us) and wasting their time to view it.
It obviously never sold, and was taken orf the market eventually.
>>I think it's slowing down from what I've seen, mind you it was never going to continue on at that rate. No doubt varies on which region you're in though.
Still quite crazy down here, although many (and I know the market well) properties remain sold STC but not completed after many, many months.
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