Over the past year 72% of home buyers in England and Wales have paid less than the asking price, 21% have agreed with sellers' estimations and 7% have overpaid, writes ee24.com citing Property Wire.
According to the study, even in such a market as London, buyers are able to agree on the price cut in half of cases (53%). Property in Wales can be acquired below the asking price in 4 of 5 cases, the highest rate.
Rightmove director Miles Shipside says the results suggest that fears of the emergence of a bubble in the real estate market are unfounded, and "although prices are rising, most people continue to make offers in line with what they can afford or what they perceive to be the right value."