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Edinburgh bucks trend on house prices

Sellers are still being unrealistic with their asking prices, but Edinburgh has once again bucked the trend

Sellers are still being unrealistic with their asking prices, but Edinburgh has once again bucked the trend

Average house prices in Scotland have fallen by more than one per cent, but sellers are still being unrealistic with their asking prices, according to a property firm.

Edinburgh has once again bucked the trend, along with East Lothian, with the average property being sold for more than the asking price.

But throughout the country detached houses are falling well short of their asking price, a report by property website s1homes found.

The “reality gap”, the difference between what house sellers hope to sell their properties for and the price they actually achieve, is still widening at the upper end of the property 
market.

The average selling price of detached houses now at almost 20 per cent below the average asking price.

 

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