In an article by The Daily Telegraph, almost a third of all propeties for sale on the market have seen their price reduced amid uncertainty about the current state of the housing market.
From a survey by the property webiste Zoopla, the properties have seen their values cut at least once since they were first listed on the market with highest average price reductions in Rotherham, Manchester and Barnsley, where average asking prices were discounted by 7.1 per cent.
Percentage price reductions have been smaller in the south of England, with average asking prices in Chelmsford and Brighton both having been reduced by 5.1 per cent, potentially due to the fact that in the south of England the outlook for employment and economic growth is brighter.
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