Are You Googling Things Like: “Should I reduce my asking price?” “Why isn’t my house selling?” “How to sell my home faster without dropping the price?” If so, you’ll be one of many. But before you agree to a reduction, let’s look at what else might be holding things back.

Over the last few weeks, there has been a growing narrative in the national press suggesting that the housing ladder is becoming increasingly difficult to climb. Much of this centres around the widening gap between smaller and larger homes, with many commentators suggesting that homeowners are becoming “stuck” and unable to move up.

The latest figures from the Office for National Statistics (ONS) suggest something rather unexpected. After years of worsening affordability, the picture has begun to improve. Wages have risen faster than house prices since 2021, nudging the headline affordability ratios in the right direction. On the face of it, that feels like progress.

A NEW monthly drop just for you, covering all things Reading. From community to events, places to check out and Reading property market updates and advice. Kiel Holder - Proud to be your estate agent in Reading, as featured in The Guardian, Ask the Expert