The number of properties on the market that have had the asking price reduced at least once has fallen to its lowest level in over two and half years, says Zoopla.
The proportion of properties currently on the market with a reduced asking price now stands at 31.5% – down from 36.7% a year ago.
Of those homes that have had the price reduced, the average discount to the original asking price across the country is currently 6.9% (£21,000).
Romford, in Essex, has had the biggest price reductions in the UK (10.3% off the original asking price), followed by Blackpool (9.9%) and Swansea (9.8%).
The ten areas with the highest proportion of price-reduced properties are all in the North. Wigan tops the list, with 42.6% of all properties currently on the market having had at least one price reduction. Barnsley (41.2%) and Rotherham (40.9%) are not far behind.
London has one of the lowest percentages of discounted properties at 26.7%, second only to Swansea where the proportion of discounted properties is low, but where the level of discounts for those properties that are reduced is among the highest in the country.
Comments
So what? dioes someone really get paid to calculate that?
How about paying them to test the Zoopla valuation tools which are are close to reality as a corporate take on negotiators valuations at the end of a lean month.
What's that missus, you reckon £200,000? aTraditional independant would say that, he's gonna flog it cheap to his mates, Stick it on for arthur mill , we can always take an offer!