Most houses are now being sold for less than the asking price, according to the RICS.
In its most recent residential market survey, 60% of respondents indicated that sales were being agreed below the asking price for houses priced up to £500,000.
For properties priced between £500,000 and £1m, this jumped to just over 70%.
However, RICS added that, after the sharp and sudden downturn sparked by the mini-Budget last September, “a more stable picture is emerging”.
The survey also found that estate agents were at their least optimistic for 14 years.
