The difference between the headline and selling price of properties narrowed over the Easter period, new data has revealed.

According to the results of a study by the National Association of Estate Agents (NAEA), the average difference between the two values decreased to 2.7 per cent.

"There has … been a steady closing of the gap between asking and selling price, which is great to see that both buyers and sellers are being realistic on property values in the market place," said Charles Smailes, immediate past president of the NAEA.

"It is encouraging to see that the market has remained stable over the Easter period," he added.

Over the same period last year, the average reported difference was 3.4 per cent.

The NAEA represents a membership base of around 10,000.


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Author:  Joanne McCabe

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