Data from over 5,000 estate agent branches across Britain shows how the eventual price paid for a property steadily decreases over time. After four weeks on the market, sellers typically accept just over 98% of their original asking price; after eight weeks this drops to just over 96% and below 94% after three months. Similarly, agents whose average selling time was less than twelve days achieved only 97% of their asking price.

Based on average property prices across the UK (£218,000), a twelve-day sale will net the owner an additional £1,940 on top of their asking price. In London, where the average property changes hands for £482,000, sellers will cash in to the tune of £4,290. After three months on the market however, sellers will receive an average of £13,603 below their asking price, and over £30,000 in London.

If you are thinking of moving up or down the housing ladder, give Bluebell a call to discuss your needs.

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