The firm's managing director, Mark Smith, said detached properties were being priced at unrealistic levels, leading to a "significant reality gap".
"This is what I call the aspirational reality gap, " says Dr Patel.
With sales volumes down across Scotland, the majority of areas saw little or no change in the "reality gap", although both Edinburgh and East Lothian has bucked the trend, with the average property being sold for more than the asking price.
Yet any thoughtful investor not spellbound by the vision through rose coloured spectacles could see a growing gap between reality and market fantasy.
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Europe's leaders are in the fourth year of fighting this crisis and the reality is that the gap between some of those countries which share the common currency is only widening.
Yet principle and past suggest that at some point when the gap between actual reality and the vision through the rose-coloured spectacles becomes very large, then the lenses splinter.
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The demonization of Obama beyond all reason and reality only adds to the credibility gap that conservatives are now confronting.
Despite big strides forward in technology, adoption and the ethnography of social technology, the gap between vision and reality is big.
As is usually the case when it comes to the money management industry, there is a huge gap between perception and reality.
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To put it another way, if there is a gap between perception and reality, it is only a matter of time until reality takes over.
More probably Mr Ford's victory can be attributed to the post-recession reality of Toronto, where the gap between rich and poor has widened into a gulf.
One other gap between expectations and reality: Despite numerous studies showing that there is a high demand for graduates with engineering and computer science degrees, new grads most want to work in education, media and entertainment, and healthcare.
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It was the growing gap between market fantasy and reality which caused the rose-coloured spectacles to splinter.
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Tenet 1: The gap between perception or reputation and reality in the world of investing is huge.
The gap between the concept and the reality of net zero energy buildings seems largely a result of the shortcomings of most net-zero energy strategies.
But a mere 12 percent of those firms felt they were using social media effectively. 2013 should see this frustrating gap between social media hype and reality begin to close as new social technologies take root, companies institutionalize social practices and improved analytical tools show the real ROI on social investments.
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Indeed, there is perceived to be a growing gap between Mr Medvedev's words and reality.
It is not technology however that is driving young people's concerns, it is the yawning gap between the promise of globalization and its reality that brings young people out on to the streets.
Yet there is, and always has been, a huge gap between Mr Blair's rhetoric and the reality.
So all I'm saying is, we've got to close the gap a little bit between the rhetoric and the reality.
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Shadow immigration minister Chris Bryant said Labour agreed with the need for national consensus but there was "still a massive gap between the government's rhetoric and the reality on immigration".
But Ms Cooper said there was a gap between Mrs May's rhetoric and the reality of the government's policy on terrorism, while budget cuts would make it more difficult for Whitehall to deal with extremists.
These melancholy rosters highlight the gap between the grand claims of developers and the cold reality of market arithmetic.
Yet there are still days when I'm exhausted by negotiating the gap between my expectations of what's possible and the reality.
He said the bids would be reviewed but that it was "fair to say that, as expected, a gap exists between the total spending projections of government and the reality of what is available".
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And I think, unfortunately, Katrina revealed that there's a gap between the ideal we have as a country and the reality that people are living every day in places like the Ninth Ward of New Orleans.
The removal of the entire system under which people lived and understood their reality, as well as removing the major employers, richest consumers and benefactors within the favela leaves a gap.
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