+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

HSBC: Here's how long each stage of the house buying process takes

Jan 26, 2016, 14:44 IST

HSBC's chief UK economist Liz Martins and her team have produced a handy flowchart showing the step-by-step process of buying a house in the UK and just how long it all takes.

Advertisement

The whole process takes an average of 27 weeks, just over 6 months. The longest part of the process is actually finding a place you like.

The chart, which is part of the bank's latest UK housing chartbook note sent out last week, also shows at what point in the housing process each price index take a measurement.

Rightmove's index is at the start of the chain, measuring prices for properties when they're first listed for sale, while the Land Registry is at the end, recording the final price a property is sold at.

Check out the chart below:

HSBC

Advertisement

NOW WATCH: Jim Cramer's inspiring words on how to come back from a beatdown

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article