Last week, we wrote about how home sellers are aligning their expectations to the prevalent price-sensitive buyer environment. The downward trend in prices forced by a slowing property market appears to have come full circle, with over four in ten London home sellers adjusting prices lower and the average price cut coming in at 6.7%.
Our estate agents London also report waning interest among buyers, another reason to consider a downward revision in your home price if you wish to take it off the market quickly. The last time this trend permeated the London real estate market was back in 2010. Also factor in higher borrowing costs and a fall in consumer spending, which is reminiscent of 2013’s spending lows.
Whether you have 苏豪区待售物业 or outside London, note that nearly 37% of sellers across the country are slashing their asking price. The average price for new properties has fallen month-on-month while price growth has also weakened over last month.
Sell your London home?
This winter looks a bit dreary for London home sellers, even for those in prestigious postcodes. With both prices and activity waning, it is best to collaborate closely with a real estate agent London to find buyers without prolonged delay.
伦敦房产中介
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