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Peter Hun

45% gap between asking and selling prices

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There’s a reality gap at each end of the UK property market with a 45% difference between the current average UK asking price of £414,359 and the current sold price of £226,906, Emoov.co.uk has found.

While this doesn’t necessarily mean home sellers need to reduce their price expectations by 45%, it highlights the gulf between the average price of homes on the market compared to those that are actually selling in the same market.

Russell Quirk, founder and chief executive of Emoov.co.uk, said: “In slower market conditions a seller’s expectation is always likely to differ from what the market dictates and what a buyer is willing to pay.




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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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