The data for the week of October 15, 2023 reflected that UK real estate agents such as the Greycoat agency´s team, on average, earned the lowest fees among those in the large markets. This, concerning mortgage rates. As a result, they ended up taking home less money for the week than those in Malaysia.
Furthermore, Greycoat real estate informs, for the week of October 15, the highest commissions are earned in the French market. The UK has an average home price of approximately L289,824 which is the third most expensive home pricing. So, agents are experiencing lower fees overall.
They’re aware that their agent fees are lower than most, Greycoat agency confirms. The UAE has an average house price of L712,227, and their average fee is about 3% per home sale. In some respects, it’s actually a race to the bottom! It’s a race that has taken place over many years.
Agents are now boasting that they have the lowest fees. Greycoat explains that this means that it’s been exacerbated by bringing out the arrival of the fixed commission agency models (Bisnow).
The reality is, the real estate agents work hard and deserve the same reward. Greycoat Real Estate is located in London. The real estate agency has been in business for over 45 years. Greycoat Real Estate specializes in developing and managing large real estate projects.