Asking prices need to be more realistic

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Calls for vendors to have more realistic expectations of the value of their property have increased following the publication of two house price surveys.

The asking price for properties has increased by an average £2,577, breaking the previous record set in ‘boom-time’ in July 2004, accorind to the April UK house price index from online property firm RightMove. The report reveals a 1.3% increase in UK asking prices for the period mid March to the beginning of April, exceeding the previous July 2004 index figure by £1,341. According to Rightmove, the average property asking price of £197,539 for the period is up on last month's figure of £194,962. But this is contradicted by the Royal Institution of Chartered Surveyors (RICS), Monthly H...

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