Men pay more in estate agent fees than women, according to a new report

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One in 10 Brits pay more than £10,000 in estate agent fees, according to a survey. Photo: Getty

The majority of UK homeowners are unprepared for large estate agency fees when selling a property, a new study has revealed.

Some 58% of sellers have paid more than expected in the past decade, according to a study by online estate agent Strike.

And more than a third were charged significantly higher fees than they had budgeted for.

The figures are higher for those who sold their homes recently, with 62% hit by unexpected charges in 2019, compared to just 48% in 2010.

This trend correlates with an increase in prices over the same period, with fees rising by 42% from £3,035 (£3,995) in 2010 to £4,319 last year due to the rise in house prices.

Over the last decade, the average price paid by UK sellers to estate agents was £4,779,

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Property Management Fees: A Necessary Investment To Cater Problems

Giving house or a portion of the house on rent is one of the common practices followed by mankind from the years. It can also be said that giving property on rent is the source of earning extra income by sitting at home. Going through this practice lots of people either extend the portion of their existing house or construct extra houses forgiving on rent. All these activities in the beginning seem quite simple to them and they exhibit their properties proudly in front of their known ones, but their happiness is not less than a bubble that vanishes in the span of a few seconds.

From vanishing I do not mean that their property vanishes or collapses, but I mean the problems which they face before and after giving property on rent smashes their dreams of earning substantial earnings from property within the short period. This is mainly because … Read More