Asking price vs transaction price: the gap that changes your decision

When you browse property listings you read a single number: the **asking price**. That number is set by the seller, not agreed by two parties.

Two different numbers

The asking price is what the owner or agent publishes. The transaction price is what both parties signed in the deed. Between them lies a negotiation gap that widens and narrows with the market.

Every indicator on this platform is calculated from published listings — asking prices. We say so on every page, because confusing the two leads to mispricing.

When the gap widens

• **A listing that has sat for months** — time on market signals a price above the market
• **A slow market** — weak demand gives the buyer room
• **A seller in a hurry** — relocation, inheritance division, a financial obligation
• **A property needing repair** — the cost of works comes off the number

When it narrows

• **High demand district with little supply**
• **New or fully renovated property**
• **A standout location** — a corner plot, two street frontages, proximity to a sought-after amenity

Using both numbers

Start from the median shown on the district page and compare it with the property you are looking at. If it is far above, ask why: is there a real difference in area, finishing or location? If it is far below, ask as well — a sudden bargain always has a reason.

Where transaction data lives

The Ministry of Justice publishes registered real estate transactions. Check it before committing: it is the only reference for what actually sold, not what was asked.

Practical rule: never decide on one number. Combine the district median of asking prices, registered transaction data, and your own visit.