Asking prices on a third of properties listed for sale have been cut at least once, the highest number since August 2012, property website Zoopla has found. The average discount is 6.7%, or £24,429.
To some extent the property market is experiencing the traditional winter lull in activity, but affordability constraints have set in in London and the south east.
“…sellers may be being forced to become more realistic in order to secure a buyer,” Lawrence Hall of Zoopla said.
The Guardian, p. 29
