Sellers in Scotland are achieving on average 2.5 per cent more for their properties.
The latest quarterly house price report published by s1homes.com reveals that properties across Scotland continue to sell above their asking price.
During the first quarter of 2019 (January-March), properties sold for an average of 2.5% above this price, which means that sellers are achieving on average £4,000 more than they initially expected for their properties.
Sellers of flats, terraced houses and semi-detached houses are achieving above the asking price.
Flats are typically selling for £23,000 more, while terraced houses on average sell for £12,500 more and semidetached houses for £1,000 more.
At the higher end of the market, however, the “reality gap”– the difference between what sellers hope to get and the final price – has widened, due to unrealistic asking prices among sellers of detached houses.
Detached properties are selling almost 9.5% below the average asking price which means, on average, that buyers are securing homes for £26,000 less than the initial asking price.
Regionally, homes in Glasgow saw a drop in the average selling price of £9,000, while Edinburgh continued to have the highest selling prices with properties in the last quarter selling on average for £17,000 more than their asking price.
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