Property News · June 28, 2023

High mortgage rates forcing sellers to accept lower offers on homes – Zoopla


Research shows 42% agreeing to discounts of 5% or more on asking price – the highest level for five yearsSoaring mortgage rates and the cost of living crisis are forcing more sellers to accept lower offers to secure a property sale, according to Zoopla.The property website latest house price index showed that 42% of sellers were accepting discounts of 5% or more on the asking price of their home in the week ending 18 June – the highest level since 2018 – as buyers are driving a harder bargain. Continue reading…

Source : theguardian.com
Read more…High mortgage rates forcing sellers to accept lower offers on homes – Zoopla