Overbidding and discount

Overbidding takes place when multiple buyers or tenants compete for the same property and offer prices above the advertised asking price, resulting in a transaction price premium. This typically occurs in tight markets with limited stock and strong demand.

Discount refers to the opposite situation: the final agreed price falls below the original asking price. This usually happens when buyer or tenant interest is weak, supply exceeds demand, or when the property has features the market perceives as less desirable.

Both metrics are tracked in market reports as percentages of asking price and serve as key indicators of market dynamics and supply-demand pressure.