A property chain is a series of connected property transactions that are dependent on each other in order for the transactions to be completed.
For example, if person A is selling their property to person B, and person B is selling their property to person C, there is a property chain involving three transactions. In order for person A to sell their property to person B, person B must first sell their property to person C. And in order for person B to sell their property to person C, person A must first sell their property to person B.
Property chains can be complex and may involve many different transactions. They can also be a source of delays, as the completion of each transaction in the chain is dependent on the completion of the preceding transaction.
Property chains can be a particular issue in the UK housing market, where there is often a shortage of available properties for sale. This can lead to buyers and sellers being reliant on multiple transactions in order to be able to complete their own transactions.
