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eric pebble

More Sellers Take An Axe To Their Asking Prices.

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More sellers take an axe to their asking prices

Sellers are slashing their asking prices harder and more often in a bid to shift their homes.

New research from property portal Zoopla reveals that both the number of reduced properties on the market and the average amount by which prices have been reduced have climbed over the past three months.

Nearly four in ten (37.4%) of all properties listed for sale today have had at least one price reduction since coming to the market – up from 36.4% in November.

The average discount now stands at £18,475 or 6.9% off the original asking price – up from £15,879 or 6.1% in November.

In London, 31.8% of properties on the market have had their prices cut, by 6.6%. This equates to an average reduction of £45,664.


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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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