Assetz® News » HOME | RSS Feed FEED | LIST ALL ARTICLES | ASSETZ HOMEPAGE
Investment Property News from Assetz

Assetz® Property News Service

House price discounts in decrease


14th November 2012 | back to article listings BACK    print this article PRINT

The number of homes on the UK property market that have seen their asking price dropped from their original level is at its lowest level in two years, according to a study.

In what it is hoped is a sign of increasing strength in the market, owners are feeling less likely to drop their asking price than at any time since August 2010.

According to the report, almost a third of properties currently on sale have seen their asking price dropped at least once. The 32.8% level is down from 36.9% three months ago and 40.4% on a year previously.

The average price reduction on those discounted properties is now at its highest level for two years - 20,612, compared to 18,993 seen three months previously.

Lawrence Hall of Zoopla said: "The proportion of properties that have seen their price reduced and the average amount of the discount provides good insight into the strength of the local market. With the proportion of discounted properties nationally at a two-year low, this would indicate that sellers are feeling more confident than they have for some time."

Copyright Press Association 2012


Assetz® is a UK and International Property Investment Specialist. Please visit our property sites shown below.

Assetz for Investors UK Assetz Hotels Assetz Homes Assetz International Assetz France Assetz Spain Assetz Cyprus Assetz Germany Assetz Portugal Assetz Ski Assetz Cape Verde Assetz Finance Assetz Fund Management

Accessing the news service

You can view all of the Assetz® UK, International and UK Property Investment Articles and News here.

We also provide an RSS Feed Feed of the news service, or you can view all articles. Click here to view more information on RSS readers and how they make reading online news more convenient.

eXTReMe Tracker
Cookies on our sites
The assetz.co.uk group of websites uses cookies, some of which may have been set already. Read about our cookie use. If you continue to use the site, we'll assume that you're happy to accept them. To dismiss this message please click the button.