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I read somewhere that on average houses sell for 7% below asking. My own experience with agents suggest that's true. They tell sellers the list at X and hopefully they will get X-y in a normal market.


Obviously 2013 and early 2014 the market went crazy in London. The average asking price for a well-presented 3 bed terraced house in a central ED location went from circa 600k to 875k!



http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=39507947&sale=48469316&country=england

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=44570945&sale=52126478&country=england

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