Market Trends and Analysis: Begin by researching the current real estate market trends in your desired location. Look into factors such as supply and demand, property appreciation rates, and any economic indicators that may impact housing prices. Online real estate platforms and reports from reputable agencies can provide valuable insights into market conditions.

Comparable Sales: One of the most effective ways to gauge the fairness of a property's price is to compare it with similar flats in the area that have recently been sold. Look for properties with similar features, such as size, amenities, location, and condition. Analyzing recent sales data will give you a benchmark to evaluate whether the asking price aligns with market standards.