ESTATE agents in Yorkshire are expecting to see house sales pick up – as sellers begin to price their properties more realistically.
A report by the Royal Institution of Chartered Surveyors said the number of transactions per surveyor fell across the UK in July, as lack of mortgage finance continued to weigh heavily on the market.
But it also reported a rise in the proportion of estate agents in Yorkshire expecting a fall in house prices as “realism” returned to the housing market with many sellers dropping the asking price to more reasonable levels.
Edward Waterson, of Carter Jonas, with a branch at Slaithwaite, said there had been a “surprising” number of new buyer registrations and viewings, leading to a rise in offers and sales over the past four weeks. He said they had just concluded the best week they’d had in 2008.
Mr Waterson said: “While buyers remain cautious, if the right property comes along, they will pounce again. If the price of a property is realistic, buyers will react positively and often make an offer close to the asking price.”