Sell­ers drop prices to woo buy­ers

Yorkshire Post - Property - - PROPERTY -

MORE than 40 per cent of all UK prop­er­ties on the mar­ket have ex­pe­ri­enced at least one price re­duc­tion and the av­er­age drop is 7.4 per cent of the orig­i­nal ask­ing price.

Glas­gow tops the list of places where the big­gest dis­counts are on of­fer, fol­lowed by New­cas­tle and Bolton, say Zoopla.

Sun­der­land has most prop­er­ties on the mar­ket that have been dis­counted at least once, with more than half (53.6 per cent) of sell­ers hav­ing to re­set their ex­pec­ta­tions down­wards. In Lon­don, nearly a third (32.6 per cent) of prop­er­ties for sale have had to be re­duced in price.

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