Property in London falls in prices

The results of the new study show that about a third of British houses in the market "sank" in price on average by 25 thousand pounds. More often, sellers are willing to significantly reduce prices, which is good news for potential buyers. The data from the Zoopla real estate website indicate that 34% of the houses currently on sale have significantly moved in price. In percentage terms, it seems to be not much - about 8%, but in money it's 24,823 pounds sterling. However, the average figure is quite conditional.

For example, in London, about 36% of real estate objects are sold at a discount of 53 thousand pounds, which is twice the above average indicator. Lawrence Hall, representative of Zoopla, notes that the summer months are not the most active period for the housing market, which partly explains such big progress in the sale price. But in general, according to Hall, the dynamics of the market demonstrates a downward trend. Simply put, prices are steadily declining, which forces sellers of real estate to be nervous and further reduce prices.

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