Saturday, September 27, 2008

Lucky to get out!

Large discounts by home sellers

Home sellers are being forced to accept offers on average 9% below their asking price, said the Royal Institution of Chartered Surveyors (Rics). The gap between asking and selling price is widening as the property market downturn worsens, Rics added. Property prices have fallen by 11% in the past year, according to major lenders, while sales have fallen by more than half.

Posted by stevie dee @ 04:02 AM (1524 views)
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