SELLERS SLASH ASKING PRICES IN RUN UP TO CHRISTMAS

Zoopla.co.uk reported the number of ‘discounted’ properties for sale had increased by 13% over last 3 months with a further £500m slashed off UK asking prices since August of this year. The average reduction was 6.1% from initial asking price and 8% on properties over £1 million. Swindon had the highest percentage of ‘reduced’ properties on market, while Manchester had the highest average discount on properties for sale.