Price cutting by homeowners desperate to shift their
property in a slowing market has reached the highest levels in six years,
according to an analysis by website Zoopla. Just over 35% of the homes marketed
on the site have marked down their price in the hope of achieving a sale, with
the biggest discounts in the London property market. The 35% figure compares
with 29% just before the EU referendum in 2016, although it is below the levels
recorded in the aftermath of the financial crisis. The average asking price
reduction across the country currently stands at £25,562, according to Zoopla.
Read more on the Guardian website.
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