Strike: Agency fees up 42%
Agency fees were 42% higher in 2019 than in 2010, according to data collected by Strike.
London noted the greatest estate agency fees at £6,573. This was followed by Birmingham at £5,622 and Southampton at £5,481.
Overall, the average estate agency fee across the UK is £4,779.
The data shows that millennials on average pay the greatest agency fees, with a fifth charged over £10,000.
Additionally, the report outlined that men pay on average 19% more than women, with the monitory gap reaching £820.
Moreover, the survey shows that 58% of the 1,000 respondents outlined that the estate agency fees were higher than they had expected.
Despite the high fees, 44% of UK sellers noted they were unhappy with the service provided by estate agents.
Sam Mitchell, chief executive at Strike, said: “Estate agent fees are often the most significant expense when moving house, especially with the current stamp duty relief, and it is really interesting to see which factors affect how much people pay.
“At Strike, we help people sell their homes for free, which saves them thousands of pounds, no matter where they live. With no estate agency fees, you have more money to spend on the things that really matter, like your new home.”