Buy-to-Let Investors Secure Larger Discounts on Property in July
UKPulse Consumer Desk
Buy-to-let investors negotiated larger discounts on property purchases in July, with more offers accepted at least 10% below asking prices.
- 56% of buy-to-let offers in July were at least 10% below asking prices.
- Acceptance rates for these lower offers increased to 27% in July.
- A year earlier, the acceptance rate for such offers was 18%.
Buy-to-let investors secured larger discounts on property purchases during July. More than half, 56%, of offers made by these investors were at least 10% below the asking prices.
The acceptance rate for these lower offers also saw an increase, reaching 27% in July. This compares to an acceptance rate of 18% for similar offers a year prior.