ska invita
back on the other side
yes, i think the way it works is "we managed to get someone to buy a similar sized property for xxx so lets try and put this on for xxx - no, in fact lets put it on for xxx + 5% and so on until enough people finally stop paying.I think Foxtons (and probably most others in Brixton where prices are/have been volatile) inevitably act on a trial and error basis. The evaluation is indeed of what the market will bear (remember the estate agent is trying to get the best possible deal for the seller).
theres definitely a big wobble going on on house prices since a highpoint in spring but it seems to me predicting house price movements is as possible as picking winning horses - there are trends and several factors to consider, and some might guess right, but anything can happen season to season.