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News Archive for December - 2017

A Third of Homes Have Asking Prices Slashed by £25,000, Says Portal

Asking prices are being cut more heavily than at any time in the past six years, says Zoopla.

It says just over 35% of homes listed on that site and PrimeLocation have marked down their price.

The average asking price reduction across the country currently stands at £25,562.

Homes in Richmond and Kingston upon Thames in south-west London have some of the largest reductions in sale prices - up to £84,244. Around 50% of listings in ...

Rightmove Reports Largest Monthly Asking Price Fall for Five Years

Rightmove is warning that the asking price of property coming to market has fallen by 2.6% in the past month - equivalent to £8,178 on an average home - and this is the largest monthly fall for five years.

The portal, in its latest monthly market snapshot, says this slump is symptomatic of what it calls “the more challenging market some sellers find themselves in”.

The portal is forecasting national average asking price growth of ...

Typical Home Sells £10,623 Below Original Asking Price

The average home in England and Wales now sells for very nearly 4% under its original asking price - a gap that is larger than this time last year.

Research by Zoopla shows that current sale prices are on average 3.86% less than asking prices - that’s around £10,623 in cash terms - and that this asking-to-selling price gap is 0.32%t bigger than last year.

Homes in the south east currently sell closest to the asking price – just a ...