40pc of property sellers cut their asking prices - Telegraph
Zoopla.co.uk said 37pc of properties listed for sale on its site had seen at least one price reduction since coming to the market, compared with 36pc in November.
The average discount to the original asking price stood at 6.9pc or £18,475, up from £15,879 or 6.1pc in November.
The company said the figures provided "a clear indication of sellers becoming more realistic" in their expectations and "will be a welcome sign to buyers" as the gap narrows between asking prices and what buyers are willing to pay.
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