Sellers bring down asking prices
NEW sellers have lowered their asking prices by 3.1 per cent, say Rightmove.
It is the largest fall, equating to £7,528, since December 2007. Listing numbers are down 13 per cent on a month ago to the lowest November level since 2007.
The number of new sellers is 11 per cent less than November last year. Rightmove director Miles Shipside said: “Agents report that many would-be sellers are postponing their marketing until the new year, influenced by the current wall-to-wall media coverage of the Greeks and Italians attempting to get their own far-flung houses in order. It’s no great surprise that those who have braved the stormy conditions have had to accept a substantial ‘haircut’ on their asking prices.”