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What Does OIRO Mean in Property?

"Offers in the region of" the stated price.

What Does OIRO Mean in Property? Residential Property Services in London

Updated October 2026 · Fraser Bond

Buying · Pricing

OIRO explained

OIROin the region
OIEOin excess
Guideprice
Comparablesdecide
In short: OIRO stands for "offers in the region of". It tells buyers the seller expects offers close to the stated price, slightly above or below, giving some room to negotiate. It differs from OIEO ("offers in excess of"), where the seller wants offers above the figure, and from a fixed price. Base your offer on comparable sold prices and the property's condition, and back it with a mortgage in principle.

Frequently asked questions

Can I offer below OIRO?

Yes, especially with good reasons.

Is OIRO the same as guide price?

Similar; both signal an expected range.

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