WEEKEND PAPERS: Sellers are being forced to cut asking prices in order to achieve a sale, with more than a third of homes listed on Zoopla having their prices reduced.
Some 34.08% of homes listed on the site have had their prices lowered, with the average decline being 8.08%.
The levels vary from region to region, with 36.7% of homes for sale in London subject to a price reduction, a rise from 32.3% in March. The area with the highest number of asking price reductions is Kingston-upon-Thames, at 48.14%. The north of England and Scotland are less affected by price reductions.
