15
Jun
Asking and selling price margin 'narrowing'
The difference between the asking price of a property and the
actual value of its sale has narrowed, according to new
findings.
Royal Institution of Chartered Surveyor (RICS) research has
indicated that the majority of surveyors think that this is the
case.
Indeed, some 60 per cent of those questioned in the survey noted
this trend in the UK market.
The study also revealed that people selling their homes are getting
a fee 11 per cent below the original asking price, on average,
which is a better return than figures reported at the end of last
year.
Brigid O'Leary, RICS senior economist, commented: "The improvement
in sentiment that has been captured in recent housing market
surveys is reflected in a narrowing in the gap between asking and
selling prices."
She added that this pattern "is particularly interesting" because
Rightmove's recent research showed that asking prices have remained
relatively stable since February.
Both Nationwide Building Society and Halifax reported house price
increases last month.
