Careful what you ask for - Property vendors are in denial...
Posted by Jonathan Peace at 11:52 on 24 Mar 2008
Category:
News & Updates
Property website Rightmove has announced that asking prices in the UK have risen by an average of £2000, sparking fears of "stagnation" in the market place. As more and more sale boards go up, so too are expectations of what a property is worth, as vendors hang on to the values touted during the heady peaks of the summer of 2007. But in property's winter of discontent, sale prices have fallen and continue to fall - so for anyone looking to sell, it's time to wake up. Listen to your neighbours, not your estate agent - properties can only sell for what people are prepared or, more importantly, can afford to pay for them.
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