Be re­al­is­tic on price warn sur­vey­ors

Yorkshire Post - Property - - PROPERTY -

UN­RE­AL­IS­TIC price ex­pec­ta­tions on the part of sell­ers are ham­per­ing trans­ac­tion lev­els, ac­cord­ing to the Royal In­sti­tu­tion of Char­tered Sur­vey­ors.

It says that the av­er­age num­ber of com­pleted sales per sur­veyor in the three months to De­cem­ber was 15.2, slightly down on Novem­ber’s fig­ure.

The RICS also re­ports that new in­struc­tions edged up for the third con­sec­u­tive month dur­ing De­cem­ber, but that prices across much of the coun­try con­tin­ued to fall.

Re­gion­ally, Lon­don was the only area where prices in­creased, while the big­gest drops were in the West Mid­lands, and York­shire.

They say ven­dors must be re­al­is­tic in their pric­ing.

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