💬 “If it’s a property at £850,000, we try to drop it to £800,000, but it depends on the value of the house – we’ve seen a lot of price drops, it’s becoming a bit of a routine,” an estate agent based in Cambridge told theipaper
“It’s the exception now to expect best and final offers whereas in the summer last year this was very much more the norm,” he told“Prices have slipped over the last few months and the level of available stock has increased. We’re entering a buyers’ market.”
“I think we’ll need to see inflation and cost of money stabilise before we see an increase in buyer demand,” he added. “I think the key is to buy and sell in the same market conditions. Short term I think we’ll see the market continue to tighten.” In its half year results published on Wednesday, home construction company Taylor Wimpey said more of its customers are “adapting to the challenging backdrop” by extending their mortgage terms.opting for mortgage terms of over 36 years
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