Topic: Property sellers cut asking prices
Homeowners are reducing their asking prices in reaction to a stagnating housing market, according to new research.
Property website Zoopla.co.uk said the number of properties for sale in the UK that have reduced their for sale price at least once since coming to the market has climbed by more than 13 per cent over the past three months – up from 32.2 per cent in August to 36.4 per cent today.