Buyers Reluctant To Match Asking Prices

More and more homeowners may be working their way back onto the property ladder, but it would appear that many buyers are still reluctant to match the 3.2% increase in asking prices currently being offered by homeowners.

According to research by independent estate agent Haart, despite an overall 6.1% increase in asking prices over the last 12 months, buyers are still putting in offers between 92% and 95% of the asking price – more than 8% below homeowner’s expectations!


Some property advisors feel limited deposits and lending options are the primary cause for these 8% below asking prices. Unable to afford the full 100%, buyers are trying to lower homeowners to more affordable levels to enable them to invest in property.

Yet even with this reluctance to match homeowner’s asking prices, it is undisputable that interest in the property market is rapidly returning.

Speaking on recent property investment activity, property portal Rightmove has reported a 29% increase in the number of enquiries coming to their website – a new record!

However this is not all they have noticed… The number of property insurance policyholders bringing properties onto the market has also risen by an impressive 19.8%.

Examining these figures, all signs point to the fact that the property market is improving. We can only hope that lending criteria will increase in flexibility to give property investors the added support they need.

Original Article

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Peter Franklin, Property Mentor Delegate

I used to believe stocks and shares were the only way forward, yet after 15 years of property investing, neither of these can compare with the sheer velocity or impact that property investment can have on your bank account. Only with property can you truly experience the power of being in control of immediate cash flow AND capital appreciation. Stocks and shares simply cannot compete. Read more