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Estate agency slashes fees on sales to stimulate lower end of market

Claims it will put more money back into sellers' pocket

Competition in the property market has stepped up with one local estate agency offering a reduced one-price fee for sellers.

CG Red - a division of Cowley Groves - says sellers will be charged a flat fee of £750; a potential saving of more than £2,000.

It's applicable to homes priced up to £350,000.

Director Orry-James Creane claims the saving will put more money back into sellers' pockets and increase supply at the lower end of the market:

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