Mind the Gap: Homeowners Across England and Wales Are Overpricing by More Than £46,000

Homeowners in England and Wales are overestimating the value of their properties by an average of 16.38%, according to new data from Quick Move Now, a figure almost unchanged from 16.57% last year, suggesting the ‘expectation gap’ between seller ambitions and market reality shows little sign of closing.

Regional Picture: Wales and the North Lead the Overvaluation

The data paints a varied regional picture with no simple geographic pattern. Wales tops the table with homeowners overestimating by 21.89%, up sharply from 16.57% last year. The North East (19.48%) and Yorkshire and The Humber (19.45%) follow closely, both seeing increases from 2025. The East of England also sits high at 18.22%.

At the other end of the scale, the East Midlands (14.53%), West Midlands (14.60%), and Greater London (14.74%) show the most grounded expectations, with all three seeing slight decreases year-on-year.

Terraced Homes Now the Most Overvalued Property Type

The overvaluation trend varies by property type. Terraced houses have overtaken flats as the most inflated in 2026, with owners pricing 19.77% above professional valuations, up from 16.70% last year. End-of-terrace properties also rose, to 16.75%. Flats, by contrast, saw a notable correction, falling from 19.97% to 16.61%. Detached homes (13.40%) and bungalows (12.60%) show the most realistic expectations.

Danny Luke, Chief Executive Officer at Quick Move Now, commented:

“The property market has been quite uncertain over the last few years, so it’s little surprise that homeowners are misaligned with professional estate agent valuations. While some regions and property types are becoming more realistic, the gap in areas like Wales and the North remains significant and, in some cases, is widening.

“On an average UK property priced at £285,400, a 16% overvaluation means sellers are often asking more than £46,000 above what the market will bear. With homes currently taking nearly seven months to sell on average, an overpriced property risks sitting unsold indefinitely. Getting the price right from day one isn’t just good advice, it’s essential.”