Nearly a quarter of all agreed property sales in the UK fail to complete, costing the economy an estimated £2bn every year. That figure, from early 2026, has driven the creation of CentreMove, a new property technology platform that launched today with the aim of ending the chaos that has long plagued the housing market.
Co-founded by Jennifer Sewell, Gordon Sewell and Wayne Quinn, CentreMove gives buyers, sellers, estate agents, brokers and solicitors a single, real-time view of every stage of a transaction. Instead of relying on separate phone calls, emails and second-hand updates passed along a chain of intermediaries, every party logs into the same shared workspace.
“CentreMove launched today to tackle the 24% of UK property sales that fail, costing £2bn yearly.”
The platform's first public release comes as the housing market continues to suffer from high failure rates — 24% of agreed sales did not complete during early 2026, according to data cited by the company. The £2bn annual cost of collapsed transactions includes wasted legal fees, survey costs and the knock-on effect on chains that can stretch across dozens of homes.
CentreMove aims to tackle the root cause: a lack of transparency and coordination. By giving all parties access to the same up-to-date information, the platform seeks to prevent the misunderstandings and delays that often cause deals to fall through at the last minute.
If the platform gains widespread adoption, it could transform a process that has remained largely unchanged for decades. The founders are betting that a centralised system will reduce the number of failed sales and, in doing so, save the economy billions. Whether agents and solicitors — who have long operated in silos — will embrace the shift remains to be seen, but for a market losing £2bn a year to broken chains, the pressure for change is mounting.