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Two Thirds of Renters Failed to Haggle on House Price

The results of a new poll by the UK’s leading discount website have suggested that the art of haggling in the UK is dying out, with two thirds of renters claiming that they didn’t barter the price of their property before moving in.

PRLog - June 22, 2011 - Research by the UK’s leading discount and voucher code website has revealed that many Britons are failing to haggle on the prices of various products and services, with two thirds of renters admitting that they didn’t attempt to suggest a lower price per month than was advertised for their property.

www.MyVoucherCodes.co.uk carried out the study as part of research into the money-saving habits of Britons. 1,219 renters in the UK were subsequently polled and respondents were asked questions surrounding past purchases and if they managed to save on certain items and services.

Initially, all respondents were asked the question, ‘Did you haggle with your letting agent or landlord of the property you now live in, to try and lower the cost per month?’ to which 67% answered ‘no’. These people were then asked to explain why they had not tried to lower the cost and the results, according to MyVoucherCodes.co.uk, were as follows:

•         Didn’t know you could haggle – 29%
•         Didn’t know how – 24%
•         Didn’t want to lessen chances of getting property – 18%
•         Happy with price of property – 16%
•         Didn’t have the courage - 13%

The people who took part in the study were then asked if they had ever haggled on other purchases they had made in the past. Of the respondents who had bought a car in the past, 55% failed to try and lower the price by haggling with the seller.

Just 2% of the respondents who had a mobile phone contract tried to haggle down the cost of their monthly bills, whilst only 6% with car insurance tried to haggle down the cost.

Of the renters who said that they did haggle on the price of their property, 76% said they were successful in getting the price down.

Mark Pearson, chairman of MyVoucherCodes.co.uk, commented on the findings:

“I think the art of haggling is evidently dying out, which is a real shame. There are so many bargains to be had by bartering with service providers and retailers or sellers, so it seems silly not to give it a go. After all, you really don’t have anything to lose and the fact that 76% of people who had haggled on the price of their home were successful in dropping the price just goes to show how genius haggling can be.

“I wouldn’t suggest barging in to your local sandwich shop and start trying to haggle down the price of your BLT for lunch, but there are certainly places that haggling is acceptable and successful!”

LINK http://www.MyVoucherCodes.co.uk


For more information, contact Shannon Haigh of 10 Yetis Public Relations Agency on shannon@10yetis.co.uk or 01452 348211.

Editor’s Notes

Mark Pearson, chairman of MyVoucherCodes is a regular media contributor regarding online shopping and the credit crunch. At 30, his personal worth is more than £30 million. Mark was previously a trainee chef working for Gordon Ramsay at Claridges, London.

Mark appeared as a ‘Secret Millionaire’ in the series on Channel 4, in which he donated £115,000 of his own money to worthy causes.

MyVoucherCodes has had sales exceeding £481m in the last year

Consumer savings on online shopping via MyVoucherCodes.co.uk up from £28m in 2008 to £52m in 2009.

MyVoucherCodes is the UK’s most popular discount site.

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Source:Shannon Haigh
Location:United Kingdom
Industry:Finance, Real Estate
Tags:myvouchercodes co uk, myvouchercodes, Property, haggling, bartering, vouchers, discounts, Savings, 10 yetis, pr agency
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