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Vendors are getting spooked by any adjustment in property prices as a result of the vote last week. They've contacted the Agents who have in turn, replied by saying that prices will get slightly lower and they've panicked. Yes the pound has dropped in value, but you and I won't be directly affected just yet. Unless someone's trying to offload a portfolio of rental properties, they're not going to be affected either. Getting a mortgage might be a little more difficult, but banks haven't shut up shop and fucked off yet.
Property is a long term game. You'll be surprised how many people over stretch themselves in an attempt to pick up things at the right price when a market is rumoured to be in freefall. It isn't in freefall at all. If an agent is calling you with regards to a property that was originally twice your budget, they're hoping that someone has kicked the bucket and left you some cash.
Most vendors won't accept kick in the bollocks offers, because they know that prices will increase again soon.
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handtightenonly
@ExTra
Is it just a coincident or are the estate agents / vendors getting a little desperate? My phone hasn't stopped ringing since Friday with properties that ain't even within my price range / ticked that many boxes... I registered with few of them over 3 months ago and never did I have a single phone call until now... hummmm....