More than half of homes sold below asking price, says RICS

Most houses are now being sold for less than the asking price, according to the RICS. In its most recent residential market survey, 60% of respondents indicated that sales were being agreed below the asking price for houses priced up to £500,000. For properties priced between £500,000 and £1m, this jumped to just over 70%. However, RICS added that, after the sharp and sudden downturn sparked by the mini-Budget last September, “a more stable picture is emerging”. The survey also found that estate agents were at their least optimistic for 14 years. The Times (£)The FT (£)The Guardian