Tuesday 10 May 2011

House prices 'continue to fall' but lack of mortgage finance is still holding back buyers | Mail Online

House prices 'continue to fall' but lack of mortgage finance is still holding back buyers | Mail Online

The number of home sellers who have reduced their asking price at least once has risen to 37 per cent.

According to property website Zoopla, home-owners are being forced into making discounts of an average of £18,970, or seven per cent.

The group said it was the biggest discount to asking prices it had recorded for more than a year, and £2,500 more than the amount frustrated sellers knocked off their original price last summer.

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