New research shows that UK estate agents are amongst the best value in the world.
Using data from the Global Property Guide and The Advisory - two property consultancies - comparison website GetAgent says only five countries out of 29 in the analysis come in lower than the UK for agency commission.
Those five were Singapore, the Netherlands, Ireland, Hong Kong and South Korea.
By contrast, Mexico and South Africa were the highest at no less than 7.5 per cent commission on the sale price of a home.
Australia also ranked high at 5.7 per cent with the US on 5.5 per cent.
GetAgent also looked at the average cost of selling the same sized property - an apartment - in a city centre across each of the 29 to see how the price of property impacted the absolute cost of agents.
With the higher price of property in this country, the average fee comes in at £2,935 pushing the UK up the table - but only to number 15.
The most expensive place to sell a home is Australia, where the average 5.7 per cent commission transforms into £10,866.
Hong Kong is £9,908, with France at £8,562 and Singapore on £8,230.
A further 10 nations also came in more expensive than the UK - Japan, Canada, New Zealand, the US, Germany, Israel, Spain, China, Italy and South Africa.
“UK agents have previously come under fire for charging high commission fees that many sellers felt were unjustified. But thank your lucky stars you’re not selling in Australia, Hong Kong or France” explains GetAgent founder Colby Short.
He says there appears to have been a change in seller sentiment towards agents and fees recently.
“This has undoubtedly been driven by the online, fixed-fee model and the poor customer experience that many have had with these DIY agents. Home sellers have now realised you really do get what you pay for and when it comes to the most expensive asset you’re ever likely to own, it’s not worth cutting costs.”