The average cost of a collapsed property sale hit £3,456 during the final quarter of 2024, according to new data.

The latest analysis by GetAgent looked at both transaction levels and fall-throughs and how the chance of a stamp duty saving can influence both.

According to new data, over a quarter of residential properties collapsed before completion in 2024 due to failed price renegotiations.

Collapsed property sales could be costing the public as much as £900m a year, according to the latest figures.

Despite fall throughs surging by over 18%, the huge number of withdrawals that occur continue to have a much greater impact on the UK housing market.

Despite lower fall-through levels being good news for those keen to move, the reasons behind the failed sales suggest caution prevails in the market.

Analysis suggests that continued buyer caution, fuelled by growing speculation that interest rates will fall, is behind a rise in the number of failed sales.

Fall-throughs already costing UK home sellers £909m and now market activity is about to surge

Collapsed property sales are costing estate agents millions each year purely based on the cost of having to remarket a property and host another round of viewings, according to new...

35% of property sales fell through in 2023, according to new figures from Quick Move Now.