According to the website Zoopla, thirty-seven percent of properties listed on its site had seen at least one price reduction since coming onto the market this year, compared to thirty-six percent in November. The average discount seen across the site to the original asking price stood at 6.9 percent, the equivillant of £18,475, up from £15,879 or 6.1 percent in November.
The company stated that the figures represent ‘a clear indication of buyers becoming more realistic’ in their expectations and ‘will be a welcome sign to buyer’ as it will help to reduce the gap between the asking price and what buyers are willing or able to pay.
Discounts as expected, were largest at the top end of the market. According to Zoopla properties listed for sale at more than £1m, the average discount had climbed to 10 percent off the original asking price, up from 8 percent in November.
At Intercounty we are experts in the property market, we will be able to give you an accurate price for your home, based on the current market value.
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