Tag: asking

Vendors achieve over 98% of asking prices

Vendors achieve over 98% of asking prices

The National Association of Estate Agents (NAEA) has reported that the average difference between asking and selling prices fell to 1.9% in June, down from 6.3% in May. The Association’s members also reported “continued strong sales”, although falling stocks resulted in “slightly fewer people” searching for a new home. Agent had 64 properties for sale [...]

“Asking” to “selling” price gap narrows to 11%

“Asking” to “selling” price gap narrows to 11%

New research from the Royal Institution of Chartered Surveyors (Rics) shows that house sellers are now achieving a higher proportion of asking prices. A survey of Rics members has revealed that the gap between selling and asking prices has narrowed to 11% in the past three months, whereas in August of last year the discrepancy [...]

Rightmove pleads for smart asking prices

Rightmove pleads for smart asking prices

Rightmove has reported that the average asking price for a home in England and Wales was down an annual 9% over the four week to the 7th March. New listings for the period fell 57% year-on-year, to 79,000. However, the property website found that in March, the average asking price for a home rose 0.9% [...]

Londoners make large cuts in asking prices

Londoners make large cuts in asking prices

In the past fortnight homeowners in London have begun to drastically reduce asking prices to secure a sale. Research from property search engine, Globrix, has revealed that those anxious to find a purchaser before Christmas are prepared to knock over £100,000 off the price of their homes. In the capital’s two most expensive boroughs, Westminster [...]

Average asking prices rise by 1%

Average asking prices rise by 1%

Home sellers in England and Wales appear largely unmoved by the continued shortage of mortgage funds and dramatically worsening outlook for the economy and are still marketing their properties at unrealistic prices. Property website Rightmove has reported that asking prices in England and Wales rose by 1% in the four weeks to 11th October. The [...]

Widening gap between asking and selling prices

Widening gap between asking and selling prices

The Royal Institution of Chartered Surveyors (Rics) has reported that the average selling price of a UK home is now 9% below the asking price. Rics chief economist, Simon Rubinsohn, warns that the gap could widen in the coming months as vendors are forced to accept lower offers in a shrinking market. Figures from leading [...]

Average asking price of a home down £14,200

Average asking price of a home down £14,200

Rightmove has reported a 1% fall in the asking price of the average home in the month to 13th September. The decline is below the 2.3% recorded by the property website in August but puts the average asking price at £227,438 or £14,204 less than a year ago. The firm has also noted a slight [...]

Homes sell at 10% below asking prices

Homes sell at 10% below asking prices

Hometrack has reported that home sellers are accepting offers almost 10% below asking prices, to secure a sale. According to the housing intelligence firm, sellers achieved an average 90.7% of their asking prices in August, down from 90.9% in July. The figure is at its lowest since Hometrack began recording the proportion of asking price [...]