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Londoners make house purchase decision in minutes

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  • 01/07/2002
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House buyers in London are being too hasty when purchasing property with the average buyer taking ju...

House buyers in London are being too hasty when purchasing property with the average buyer taking just 18 minutes to decide upon a home.

Research from Fish4homes indicates two-thirds of properties worth £150,000 in London are sold after one viewing, compared to 55% across the whole of the UK.

Jonathan Turpin, chief executive, said: ‘As it is a seller’s market, many buyers don’t feel they have the luxury of a second viewing. Our advice is for buyers to go with a checklist to evaluate the property, ask questions and compare against other homes.’

The research, which polled homeowners, estate agents and retailers, also found 48% of house-hunters do not bother to check the plumbing or electricity when looking at a property and 28% faced one or two major problems when moving in that could have been spotted viewing the house.


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