Prices fall­ing in search of sales

Yorkshire Post - Property - - PROPERTY -

SELL­ERS are drop­ping their prices in an ef­fort to sell their homes, ac­cord­ing to prop­erty web­site Zoopla.

Bolton shows the high­est rate of re­duc­tions, at an av­er­age of eight per cent off com­pared to 6.9 per cent na­tion­ally.

Rother­ham, at 7.9 per cent off the orig­i­nal ask­ing price and Don­caster, at 7 per cent, are in the top ten lo­ca­tions for price slash­ing.

Across the UK, 37.4 per cent of all prop­er­ties listed for sale have ex­pe­ri­enced at least one price re­duc­tion since com­ing to the mar­ket. The fig­ures, say Zoopla, pro­vide a clear in­di­ca­tion of sell­ers be­com­ing more re­al­is­tic in terms of their ex­pec­ta­tions and will be a wel­come sign to buy­ers.

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