19/10/2021
Home sellers across London are overpricing by as much as 40 per cent when it comes to the price at which they list their homes on the country’s major portals, versus the reality of what buyers will pay, according to new data shared with City A.M. this morning.
The figures show that across Britain, the average asking price across the major portals currently sits at £296,950, while homes are actually selling for £258,464 – a reality gap of 13 percent or £38,486.
In London, the gap between the average asking price and sold price of properties is far larger.
Currently, the average asking price across the major portals is a giddy £833,994 while homes across the capital are actually selling for an average of £494,673.
That’s a huge disparity of 40 per cent between what sellers are asking for and what buyers are willing to pay, equating to a £339,321 difference in pounds and pence.
For further reading visit: https://www.google.co.uk/amp/s/www.cityam.com/aggressive-valuations-london-home-sellers-overprice-their-properties-by-40-per-cent/amp/
