Hardly anything has an “asking price” anymore. Why is this?

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I am looking to buy a property at the moment and have been keeping a close eye on what’s available, and I’ve been really frustrated that hardly anything has an “asking price” anymore. Why is this?

Over the last few years (apart from the last few months) the market has been quite slow, especially in the higher price ranges. A fixed asking price can chase away a lot of potential buyers, so agents have been using more open pricing strategies to attract more buyers to the property. However in my opinion agents should always give the buyer a “guide” to pricing, which is why we have adopted an “Offers Over” strategy which gives buyers a base figure.

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