Housing: Sales
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment his Department has made of trends, based on industry data, in the average completion times for residential property purchases in England over the last five years.
Answered by Matthew Pennycook
Ministers and officials from my Department regularly engage with a range of stakeholders to discuss issues relating to home buying and selling.
While we closely monitor industry data relating to property transactions as part of our policymaking process, my Department does not collect data on the reasons for residential property transaction failures.
On 6 October, my Department published two consultations outlining reform proposals to transform home buying and selling. They can be found on gov.uk here and here.
Both consultations closed on 29 December. We are now reviewing the feedback received.
Subject to the outcomes of the analysis being undertaken, we will publish a roadmap setting out further details of our reforms later this year.
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