Are sold prices 22% below asking price?

The latest survey of asking prices from property web site Rightmove.co.uk suggests that in large areas of the country sellers are building room to negotiate into their guide prices. Average guide prices in April were up 1.2% across the country. This masks falls in regions like the East Midlands and East Anglia of 1.5%, a ...

Has the world gone mad?

What is it with some people? I’ve just received news of what must be this years most optimistic vendor. Either that or his agent has spent too long in the hot sunshine that we have been enjoying of late. A beach hut has been put on the market in Southwold on the Suffolk coast. “A ...

150 branches shutting a week?

“Estate Agencies shut 150 branches a week” screams the headline in the newspaper this morning. ”4000 job losses since the start of the year and the number of mortgages approved for home buyers has fallen by 44% in 12 months” it goes on to say. “The lowest level since records began 15 years ago”. Hardly ...