New research from Access Legal found that homes in the city are typically selling for around 25 per cent less than their asking price. The average asking price in Bradford during the period was £246,850, with final sales averaging £184,883.
The analysis assessed locations across the UK for price drops, affordability, and market trends, giving each a ‘buyer power score’ out of 100.
Bradford ranked sixth overall with a score of 79.
Robin Edwards, managing partner at Curetons, said: “The gap between asking prices and final sale prices we’re seeing across the UK comes down to a lag between seller expectations and the financial reality buyers are working with now.
“Many sellers are still anchored to pre-2022 valuations when cheaper borrowing significantly increased what buyers could afford.
“For buyers this environment creates an opportunity to negotiate more confidently, particularly where a property has been on the market for a while or requires a lot of work.”
The research highlighted that the current market correction is slower than the post-2008 financial crisis, with sellers generally able to absorb lower offers due to greater equity.
Trends suggest the negotiation gap could persist as high mortgage rates continue to limit buyer affordability.