UK homes 90-day sale target failing

A study by property website Globrix found 53% of properties have been on the market for more than 90 days, up from just 25% at the start of 2008. The fall in sales has been triggered by rapidly falling house prices, which have cause buyers to wait for further falls. Figures released by the Halifax yesterday indicate UK house prices have fallen by an average of 12.7%. Wales was the worst market, with around 64% of properties unsold after 90 days, while Scotland was least affected, with 34% of properties remaining on the market for more than 90 days, while Northern Ireland’s figure was ...