UK homeowners forced to settle for below asking price, Zoopla says

Property website data shows housing market is slowing, with 44% less demand for homes and sellers accepting 3% below asking price

People selling their homes have typically had to settle for below the asking price in recent weeks, according to Zoopla, which is predicting house prices will fall by about 5% next year.

The average price achieved in recent weeks has been 3% below a seller's asking price, when for much of 2021 and the first half of this year it matched the asking price, the property website said. Zoopla said it expects discounts to increase further in 2023.