Jump to content
House Price Crash Forum
Sign in to follow this  
Peter Hun

45% gap between asking and selling prices

Recommended Posts

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.

Cont.

https://www.mortgageintroducer.com/45-gap-asking-selling-prices/

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.