Wakefield tops list for reductions
ALMOST 40 per cent of properties have had their prices cut since being launched on the market, according to Zoopla.
Wakefield tops the list of places with the highest proportion of price-reduced properties on the market. Half the homes on sale there have been reduced. Rotherham has the second highest number, 45.6 per cent, followed by Barnsley 44.7 per cent. The proportion of reduced properties in the UK is the highest for nine months. The average asking price reduction is £19,000, with the biggest reductions in Newcastle and Liverpool. In London, 29 per cent of homes have been reduced, on average by seven per cent, which equates to an average £44,118.