London House Price Drop – Don’t believe the hype

Aug 6, 2014

London estate agents are admitting to a recent under-performance on price achieved, says a report this week.

Lonres, the property research people, have stated that 80% of London properties are now selling for under the asking price, a significant reduction compared to the last quarter.

However not all estate agents are achieving less for their clients in the current market with the latest stats from confirming that 69% of London properties sold by the online estate agent are achieving at least the asking price. In fact, 25% of Emoov’s most recent London sales are at a figure higher than the asking price.

Emoov have a track record of out-performing the estate agency industry. Rightmove revealed in July that the average time taken for a property to sell in the UK is now 65 days, whilst Emoov takes just 20 days typically. And with a fall through rate at 5%, some 20% lower than the mainstream, you are not only more likely to sell quickly through Emoov but can be assured that your transaction stands a better chance of concluding too.

A better price. More quickly. With more certainty. And at a fee that you can justify. All delivered with exceptional levels of customer service too.

No wonder are changing the way the UK buys and sells houses.