propertytalk Live! - North dominates house price reduction hotspots
The number of 'discounted' properties for sale has increased by 13% over last 3 months and a further £500m has been slashed off UK asking prices since August of this year.
New figures show an average reduction of 6.1% from an initial asking price with 8% on properties over £1 million. Swindon has the highest percentage of 'reduced' properties on market whilst Manchester has the highest average discount on properties for sale.
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