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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.
Many sellers lose time and money by making avoidable mistakes—overpricing, poor presentation, choosing the wrong agent, neglecting repairs, or being too rigid with viewings. Want to sell smarter and get the best price? Read my latest blog for expert tips or book a free valuation today!
In early 2023, property forecasters predicted a significant UK housing downturn over the next two years, citing rising interest rates following Liz Truss's departure. Halifax expected an 8% drop, Savills predicted a 10% drop, and Nomura Bank forecast up to a 15% drop.
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.