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Evening Standard
Evening Standard
Comment
Jack Kessler

OPINION - Sellers are finally accepting big discounts on asking prices – but don't expect a crash

If age is just a number, where the heck does that leave house prices? Inexperienced buyers (and given the irregularity with which people purchase property, that is most of us) are often intimated by the imposing number placed beneath that misleadingly wide lens money shot on Rightmove.

But asking prices can mean anything from the greed of the vendor to the desperation of the estate agent to secure the business. It certainly doesn't bear much relation to the inherent value of the property. For that, you need a market.

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