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.

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