Only 10% of all property transactions in the United Kingdom are chain-free.
[1] The term 'property chain' is common in real estate, especially in the UK.
For example, there might be a first-time buyer trying to purchase a small flat, another person waiting to move from the flat to a small house, another person waiting to move from the small house to a larger house, and so on.
][citation needed], mainly due to the rising number of properties being repossessed in light of the credit crunch.
With house prices falling in the past two years, these properties are usually priced to sell quickly to limit any losses on the properties.