Sellers not taking offers

7th March 2014

The proportion of UK properties on the market for sale with a reduced asking price has dropped to its lowest level in four years, according to Zoopla.

Its latest research reveals that of all properties currently for sale, only 27% have had their asking price reduced from their original level, down from 31% three months ago. The size of the average price reduction has also fallen slightly over the last three months, with sellers now offering average discounts of 6.25% off the original asking price (£20,782), down from 6.45% (£21,451) in November. 

Source:   The Times (12/03/14)