More than third of UK home sellers cut asking price, says Rightmove
by Miles Brignall from on (#37T0D)
Property website says new sellers being too optimistic by not discounting by more as overall market stalls and interest rates rise
More than a third of home owners trying to sell their house have been forced to reduce their asking price, with the number of price cuts at their highest level since 2012, according to Rightmove.
Traditionally house sellers are often forced to cut asking prices in the pre-Christmas period but this year the nation appears to be holding a collective autumn sale, said the property website.
Related: London falling? UK house price growth to halve with capital worst hit
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