A friend has had her high-end flat on the market since May (agent suggested 329k then and it was too high and generated no offers. It was trimmed to £299,000 in the summer). Had an open house last week and one of the viewers offered £280k. Agent told them this was too far off the asking price and wouldn't be considered.
They made a second viewing the other day, and returned with an offer of £290,000.
I told her to jump at it. She needs to check with her bank to see if this is a break-even proposition. If so, she will take the offer.
Interestingly, the guy making the offer is a property developer. He is looking for a modern flat in a good neighbourhood, with a lift, for his disabled 20-something son. This place ticks all the boxes, as it is in small three-story place in a very good neighbourhood. It is a big 2 br and was extensively and really nicely renovated into an open plan kitchen/sittingroom/diner by my friend.
I hope it proceeds as I want her out of the market ASAP!