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Manchester Evening News
Manchester Evening News
National
Rachel Pugh

Home owners should knock an average of £8,000 off their asking price to get a house sold, according to Zoopla

With Brexit causing uncertainty around house prices, Brits are finding it more confusing than ever to know how best to sell a property.

KPMG says the possibility of a General Election and a no-deal exit from the EU could lead house prices to plummet by 6 per cent in 2020 - a factor which has prevented many of Britain's prospective buyers from biting the bullet.

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However, new research published today shows that not all hope is lost, as there is hope in selling your home...as long as you shave an average of £8,000 off the asking price.

According to Zoopla, homes usually achieve 96.3pc of their asking price - meaning that the 4pc missing equates to around £8,000 when taking average house prices into account.

However, sellers in Salford , as well as Driffield in Yorkshire and Dronfield in Derbyshire, achieve 100pc of their asking price on average.

Sellers in Altrincham have also been achieving almost 100pc of their asking price.

Speaking about the findings, Laura Howard, a spokesperson for Zoopla, said that small percentage between first listing and final sale prices, even in areas considered to be under-performing, “points to a healthy and robust property market in which estate agents and sellers alike are well-versed in and realistic about property values."

"Crucially, it’s this which helps to keep the wheels of the UK housing market well oiled and turning independently, and in spite of, the wider more uncertain political factors currently at play.”

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