# UK homes sell for an average 9.4% below asking price

- URL: https://talkfuse.com/story/typical-home-is-now-selling-at-a-10-discount-as-buyers-haggle-hard-heres-how-to-bag-a-property-bargain/
- Published: 2026-10-23T08:18:50+00:00
- Updated: 2026-10-23T08:32:26+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/money/mortgageshome/article-16223391/Typical-home-selling-10-discount-buyers-haggle-hard-heres-bag-property-bargain.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: World

## Key points

- Homes sold for 90.6% of their initial asking price on average.
- Higher mortgage rates and more homes for sale strengthen buyers’ hand.
- Prime London properties face especially long waits and steep reductions.

## Summary

Homes are selling for an average of 9.4 per cent below their original asking prices, as higher mortgage rates and a larger supply of properties give buyers more bargaining power. The shift marks a change from 2022, when sellers typically achieved their asking price, and is most pronounced in the premium market.

Knight Frank found that homes exchanging contracts between July and September sold for 90.6 per cent of their initial asking price: a £300,000 listing would average £271,800, while a £500,000 listing would average £453,000. Buying agents say some properties, including small flats, new builds and former buy-to-lets, can attract discounts of up to 26 per cent; properties priced at £2 million or more are also taking longer to sell and averaging discounts of almost £250,000.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.