Property prices reduced in christmas run-in
The number of 'discounted' properties for sale has increased by 13 per cent over the past three months, with Birmingham the seventh highest area for price-reduced properties.
The number of 'discounted' properties for sale has increased by 13 per cent over the past three months, with Birmingham the seventh highest area for price-reduced properties.
Research by property portal Zoopla on their blog showed that many sellers had lowered their expectations in the hope of landing a buyer before Christmas, making now a great time for buyers to try to land a bargain.
In their top ten areas, Birmingham was number seven with 44.2% of listings having had an average price reduction of 6.65% or £10,533.
Top of the list for bargain hunters was Swindon, where 49.5% of listings have had an average price reduction of 5.14% or £10,299.
A further £500m has been slashed off UK asking prices since August of this year.
