Manchester Property News
Mind the gap!
Tom Simper
Sep 13, 2023, 13:00 PM
High costs of borrowing mean buyers are being cautious, one of the reasons why seven in ten agents are saying that it is now a buyer's market.
Buyers with a reluctance to overstretch are coming up against optimistic sellers, resulting in a growing disconnect between buyer and seller expectations.
Recent analysis shows the market gap between the asking price expectations of a seller and the approved price of a buyer increased to 35.6%, 1.5% higher than the previous quarter.
Given the price sensitivity of the market, understanding local market dynamics and pricing realistically are crucial to successfully securing a sale. Source: #Dataloft Poll of Subscribers, Benham and Reeves
About The Blog
This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
Manchester is one of the fastest growing markets in the country. If you need any assistance buying, selling or letting properties in the area we have over 30 years of experience and local knowledge to help.
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