Buyers are getting cheekier as the housing market slows and properties lose their value, it has been claimed.

According to Paul Sutton, a Liverpool estate agent, buyers are now calling the shots in the beleaguered marketplace and are more comfortable bartering on the price of a property, reports LDP Business.

Mr Sutton, director of Sutton Kersh, told the news provider: "Buyers have become a lot cheekier and a lot of this is due to them listening to the media and taking the view that there is always a better deal to be had."

He added that vendors are starting to get more realistic about their asking prices, but buyers are then undercutting these new valuations.

Mr Sutton claimed that prices were bottoming out and demand is outstripping supply in the mortgage market, the website states.

Earlier this month, Cluttons estate agent reduced the completion time of property sales to three weeks in an attempt to stamp out the practice of gazundering, reports the Times.

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