Story perspectives

England's Economy Loses £900 Million from Failed Property Sales

2/27/2026

Summary

Story summary

England's economy loses over £900 million annually from property transactions collapsing before completion, according to Rightmove.
Last year, £392 million in estate agency revenue and £515 million in stamp duty were lost from failed sales.
Scotland and Wales faced losses of £7 million and £23 million, respectively.
Rightmove's chief executive notes a fall-through rate of more than 20%.
NAEA Propertymark's president emphasizes better information and collaboration to improve efficiency.

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Story summary

England's economy loses over £900 million annually from property transactions collapsing before completion, according to Rightmove.
Last year, £392 million in estate agency revenue and £515 million in stamp duty were lost from failed sales.
Scotland and Wales faced losses of £7 million and £23 million, respectively.
Rightmove's chief executive notes a fall-through rate of more than 20%.
NAEA Propertymark's president emphasizes better information and collaboration to improve efficiency.