M&G Investments: London house prices 'being slashed'

Homeowners entering London's property market have responded to the price falls seen elsewhere in the country by drastically slashing prices, figures have shown.
According to Rightmove's price index report, sellers in the capital have "recognised the need to price aggressively" to make London homes more affordable for potential buyers.
The change, Rightmove suggests, is so that sellers can avoid 'Brickor Mortis' - a recent term added to the property lexicon to describe houses that will not shift from the housing market.
Small article. Big impact!