It's time to get wise to the real estate agent's tactics.

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The situation in the real estate market

The situation in the real estate market in some parts of the country is bringing it to a complete standstill. How desperate have real estate agents become? The answer is an average of £5,500 a month more desperate than a year ago.

Analysis shows

Analysis shows that average monthly estate agent commission received on sales last month was 23% lower than in August 2022 - from £24,132 to £18,667.

The real estate data analysis company TwentyCi came to this conclusion after taking into account the 19% drop in property exchanges in the period since August last year, the fall in average commission from 1.1% to 1% and the 5.3% drop in sale prices recorded by Nationwide earlier this month.

According to Stuart Ducker, TwentyCi.