Estate agents recently reported that 80% of sellers in the current market believe their homes are worth more than they actually are. Almost all of those agents (99%) agreed the reason for sellers being over ambitious is thanks to media reports of housing bubbles and rising property prices over the last six months.

Research conducted by Move with Us among its network of independent estate agents in the UK found that, despite recent media reports, agent opinion is they haven’t seen a housing bubble in six key regions across the UK. The survey also uncovered the majority of estate agents in the North East, North West, Yorkshire and Humber, Wales, East Anglia and the South West have not witnessed any signs of uncontrollable price hikes over the last 12 months.

Estate agents’ opinions in Scotland, the East Midlands and the West Midlands were split as to whether or not this economic phenomenon exists in their particular area. The only regions where agents were in firm agreement there has been a housing bubble were Greater London and the South East where 92% and 74% of agents reported significant price increases when compared to the same period last year.