Tuesday, May 10, 2011
"Home sellers are being forced to reduce their asking prices by almost Â£20,000 to secure a sale, new research suggests. It found the asking price of properties for sale being reduced by Â£19,000 on average, which is Â£2,500 more than a year ago. It suggests buyers are offering 7 per cent less than the asking price, according to property website Zoopla. A third of properties are also being discounted more than once, with Doncaster being among the worst hit, seeing half of all homes reduced in price at least once."