Gap between asking and selling prices is widening
Saturday, October 11, 2008
Across the UK, houses are selling at an average of nine percent below the asking price with sellers in some regions being forced to accept as much as 12.5 percent discount off their advertised price, says RICS research published today.
As economic fundamentals continue to worsen, the gap between selling and asking prices is widening. In the North vendors are accepting the lowest offers – averaging 12.5 percent below the marketed price.
Vendors in the North West, East Midlands, West Midlands and Wales are accepting offers averaging approximately 10 percent below but in London the figure stands at 8.5 percent.
London has remained firmer than most as its diverse economy and large job market offers sellers more room for optimism.
Read the full article at the RICS newsroom
As economic fundamentals continue to worsen, the gap between selling and asking prices is widening. In the North vendors are accepting the lowest offers – averaging 12.5 percent below the marketed price.
Vendors in the North West, East Midlands, West Midlands and Wales are accepting offers averaging approximately 10 percent below but in London the figure stands at 8.5 percent.
London has remained firmer than most as its diverse economy and large job market offers sellers more room for optimism.
Read the full article at the RICS newsroom
Labels: House market, property prices, RICS
