Figures that were recently released by a property website have revealed that properties in the UK are now selling at around 93 percent of their asking price, showing an increase compared to the 88 percent low that was seen in February of last year. This means that those looking to put in an offer on a property need to be mindful about how much they are offering, otherwise they could find that the property is snapped up by another buyer. (more…)
Posts Tagged ‘estate agents’
Properties selling at 93 percent of asking price
Wednesday, February 24th, 2010
Estate agent sales levels result in fee free sales
Saturday, November 1st, 2008As many news reports have shown the number of properties being sold in the UK has plunged over recent months, and homeowners that are looking to sell up are suffering real problems. Many people cannot get a mortgage to purchase a property at present because of the tighter credit conditions, and many others do not want to buy a property at a time when house prices are still falling for fear that they could be plunged into negative equity. (more…)
London estate agent closes its doors on sales
Sunday, September 7th, 2008The poor activity in the housing market in terms of sales has affected many different industries, such as property removal industry, property lawyers, furniture retailers, and estate agents. Over recent months there have been many concerns raised about the number of estate agencies that could end up closing down as a result of poor property sales, and recently a London estate agency announced that after seventeen years it was finally closing the doors on property sales. (more…)
Estate agents at risk of problems due to mortgage and housing chaos
Sunday, June 1st, 2008A recent report has shown that many estate agents could be at risk of going bust as a result of problems in the housing and mortgage markets, which are resulting in fewer homes being sold through estate agents. The housing slump has resulted in fewer people taking the plunge when it comes to buying property, with many waiting for property prices to fall further, as they are expected to do. Sellers are also holding off putting homes up for sale in some cases, because they don’t want to sell at low prices. (more…)