Discounted properties have seen a bigger reduction since the end of last year says Zoopla

April 27, 2017

Zoopla yesterday 26th April 2017 released a property news report headlined ‘One third of homes have £25,000 slashed off asking price’.

They revealed that nearly one-third of properties listed for sale on their property website have seen big discounts, their analysis shows that the average reduction in asking prices stands at almost £25,000.

The property website has the market town of Darlington top of  the list for the highest proportion of discounted homes, while in London, 32.34% of properties for sale have recently dropped their asking price, their figures show that the borough of Kensington & Chelsea has seen an average price reduction of £135,702.

 

They stated in the news report that these reductions are good news for first-time buyers hoping to save money.

Zoopla’s spokesman Lawrence Hall commented: “While the number of properties on the market with a price reduction has remained flat since December, those that have been discounted have seen a bigger reduction since the end of last year.

“This is still good news for those looking to get onto the property ladder.”

Read the Zoopla property news report in full click here.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Fewer than 3% of London rental homes available

The latest research from Benham and Reeves has found that fewer than 3% of London’s private rental homes are currently available to tenants, highlighting the severe lack of supply across the capital at a time when further legislative changes could place additional strain on supply within the sector. Benham and Reeves analysed current rental market…
Read More →
Adding second coat of varnish floor boards
Home and Living

Cottagecore Design

The term “cottagecore design” has risen by 100% since November 2025, with the term “cottagecore” itself now getting nearly 10,000 searches (9,900), according to Traditional Beams. Cottagecore refers to an aesthetic that romanticises simple, rural and sustainable living, popularised on platforms such as Instagram and Tiktok, and embraces a cosy and pastoral lifestyle. However, while…
Read More →
Estate Agent Talk

Property specialist predicts spike in traditional interiors after Bridgerton hit

With Bridgerton Season 4 debuting with an impressive 39.7 million views in its first week on Netflix, property specialist predicts that traditional interiors will be the biggest renovation trend of 2026. Mitchell Martyn, Property Finance Specialist at Pure Property Finance, predicts that the appetite for traditional, heritage-inspired interiors is set to surge once again. As…
Read More →
Breaking News

Reduced supply of homes to landlords selling up

2025 saw Westminster enact one of the biggest changes to England’s private rental sector in decades via the Renters’ Rights Act, and it has already triggered a mixed response from those working in the property industry alongside landlords. One of the biggest changes includes the retirement of section 21 ‘no-fault’ evictions. This is a move…
Read More →
Estate Agents should not all look the same
Letting Agent Talk

The Art of the Add-On: 5 Simple Ways Letting Agents Can Upsell in 2026

Letting agents are brilliant at delivering value, but not always brilliant at charging for it, according to Sally Lawson… Here are her five simple steps for charging for what you’re worth (and more) this year. “Far too many agents bundle services together, do the extra work, solve problems, take calls, fix issues. And they never…
Read More →
Rightmove logo
Breaking News

Rightmove reaction to the Bank of England Base Rate decision

Matt Smith, Mortgage Expert at Rightmove, said: “Today’s decision to hold the Bank Rate was widely expected, and for most homeowners and home‑buyers, there’s no immediate change to worry about. For those looking to secure a new mortgage rate or coming up to remortgage, even small rises in rates can have a real impact on…
Read More →