Buyers and sellers locked in stand-off over house prices | Mail Online
The housing market has ground to a halt because overly optimistic sellers are locked in a stand-off with cautious buyers struggling to get a mortgage.
This month, estate agents reported the biggest jump in unsold properties since May 2007 — with agents having an average of 74 properties each, up from 70 last month.
Yet sellers have increased asking prices on average by 1.7 per cent, or £4,032, in April alone, according to Rightmove.
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