{"id":139214,"date":"2023-09-18T12:00:20","date_gmt":"2023-09-18T05:00:20","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-uk-house-sellers-cutting-asking-price-reaches-highest-in-over-a-decade\/"},"modified":"2023-09-18T12:20:24","modified_gmt":"2023-09-18T05:20:24","slug":"proportion-of-uk-house-sellers-cutting-asking-price-reaches-highest-in-over-a-decade","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-uk-house-sellers-cutting-asking-price-reaches-highest-in-over-a-decade\/","title":{"rendered":"Proportion of UK house sellers cutting asking price reaches \u2018highest in over a decade\u2019"},"content":{"rendered":"


\nMore than 36% of properties have had asking price cut at least once \u2014 the highest figure since 2011UK house sellers are cutting their asking prices at the fastest rate in more than a decade, after high interest rates dampened demand for property this summer.The proportion of homes on the market which have had at least one price reduction is at its highest level since January 2011, the property website Rightmove has reported. Continue reading…
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\nSource : theguardian.com
\nRead more…Proportion of UK house sellers cutting asking price reaches \u2018highest in over a decade\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 36% of properties have had asking price cut at least once \u2014 the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-139214","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Ado","jetpack-related-posts":[{"id":139218,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-rents-soar-as-high-interest-rates-hit-property-market-business-live\/","url_meta":{"origin":139214,"position":0},"title":"UK rents soar as high interest rates hit property market \u2013 business live","date":"September 18, 2023","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial newsUK house sellers are cutting their asking prices at the fastest rate in more than a decade, after high interest rates dampened demand for property this summer.The proportion of homes on the market which have had at least one price reduction\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-house-price-tops-250000-but-market-starting-to-slow\/","url_meta":{"origin":139214,"position":1},"title":"Average UK house price tops \u00a3250,000 but \u2018market starting to slow\u2019","date":"May 30, 2022","format":false,"excerpt":"\r Proportion of sellers reducing asking price and time taken to sell have both increased, says ZooplaThe average price of a UK home has topped \u00a3250,000 for the first time, but the proportion of sellers reducing their asking price and the time taken to sell a home have both increased,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71633,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-than-third-of-uk-home-sellers-cut-asking-price-says-rightmove\/","url_meta":{"origin":139214,"position":2},"title":"More than third of UK home sellers cut asking price, says Rightmove","date":"November 13, 2017","format":false,"excerpt":"\r Property website says new sellers being too optimistic by not discounting by more as overall market stalls and interest rates riseMore 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138099,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-mortgage-rates-forcing-sellers-to-accept-lower-offers-on-homes-zoopla\/","url_meta":{"origin":139214,"position":3},"title":"High mortgage rates forcing sellers to accept lower offers on homes \u2013 Zoopla","date":"June 28, 2023","format":false,"excerpt":"\r Research shows 42% agreeing to discounts of 5% or more on asking price \u2013 the highest level for five yearsSoaring mortgage rates and the cost of living crisis are forcing more sellers to accept lower offers to secure a property sale, according to Zoopla.The property website latest house price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134986,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-home-sellers-having-to-cut-average-of-14000-from-asking-price\/","url_meta":{"origin":139214,"position":4},"title":"UK home sellers having to cut average of \u00a314,000 from asking price","date":"February 28, 2023","format":false,"excerpt":"\r Values lowered for more than 40% of properties on Zoopla to attract \u2018price-sensitive\u2019 buyersUK home sellers are having to shave an average of \u00a314,000 off the original asking price as the market continues to cool, data shows.The property website Zoopla also said that in the face of weaker demand,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-mortgage-lending-in-uk-reaches-highest-level-since-2008\/","url_meta":{"origin":139214,"position":5},"title":"New mortgage lending in UK reaches highest level since 2008","date":"December 12, 2017","format":false,"excerpt":"\r Boom driven by people remortgaging homes to lock- in cheap deals as proportion lent to first-time buyers fallsBritish households are taking on the highest levels of fresh mortgage debt since the beginning of 2008, spurred by low interest rates from the Bank of England, even as the proportion of\u2026","rel":"","context":"In "Property 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