Why houses are taking longer to sell

Average UK property now sits on market for more than three months

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(Image credit: Carl Court/Getty Images)

Homeowners who put their properties up for sale are having to wait longer to find a buyer than they did a year ago - and more than a third of deals then fall through, according to a new report.

The average time taken for a property to sell is now 102 days, up from 96 days in 2017, according to an analysis of 35 UK towns and cities by the Centre for Economics and Business Research.

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