More house sellers cutting the asking price

19th December 2014

According to Zoopla, some 33% of the properties it has listed for sale have been discounted at least once, the highest proportion since August 2012. The average price reduction is 6.7%. In London, 29% of prices have been discounted. Lawrence Hall of Zoopla said: “The property market typically slows in December as buyers postpone their plans until the New Year and become preoccupied with the festive season, but these figures suggest that sellers may be being forced to become more realistic in order to secure a buyer".

Source:   The Daily Telegraph (18/12/14)