Bolton leads way in dropping prices
SELLERS are reducing their asking prices. The average price reduction is now £18,790, or 7.1 per cent, off the original asking price, and more than one-third of all properties for sale have been discounted at least once, according to Zoopla.co.uk This shows that 36.9 per cent of all properties currently on the market in the UK have been discounted at least once.
Although this is very slightly less than the 37.4 per cent in February, the average discount is now £494 higher than in February, and £2,576 higher than last August, as sellers try to shift their properties. The highest asking price discounts are in Bolton where the average price reduction is 8.5 per cent.