The London agency reports 50% of properties went for less than the original valuation last year, with more price drops to add this month.
Read MoreProperty sales stock shortage ‘officially over’ says Rightmove
2023 is turning into a better-than-predicted year as sellers price more competitively and the market moves back towards more normal activity levels.
Read MoreThree quarters of house sales sink below asking price, data shows
Propertymark chief Nathan Emerson says its latest survey reveals a high number of deals under the original amount.
Read MoreReports of sales market’s demise ‘may be greatly exaggerated’
Shortages of residential property stock remain acute at the lower levels of pricing but levels have now fully recovered at the higher-priced bands.
Read MoreBiggest asking prices fall since 2018 as ‘sellers listen to agents’
Average new seller asking prices have fallen by 1.9% to £364,895 as summer sellers tempt buyers preoccupied by inflation and interest rates.
Read MoreEXCLUSIVE: Asking prices defy mortgage turmoil as market stands firm
Data from TwentyEA reveals a 3.5% increase in asking prices in the last year, and a 24% rise since 2019.
Read MoreThe great British pond puts home buyers off, research reveals
New findings from eXp UK show that the existence of a pond in a garden can shave £5K off the asking price.
Read MoreAgents achieving asking price or above as market remains buoyant
Some areas of the country are seeing bids well in excess of asking price, as sellers enjoy bumper period.
Read More