37% of current property listings have seen an asking price cut
But Benham & Reeves is 'already seeing early signs that the tide is beginning to turn,' with 'renewed confidence' in the market potentially meaning fewer price reductions in the coming months.
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Property consultancy had expected PCL values to bottom out this year, but 'geopolitical headwinds' mean a further 5.5% decline is on the cards before 2026 is done.
One in 2,500 open-market property listings priced above £15mn
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Developer offers £42k private school sweetener to homebuyers
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Grade II* mansion in 230 acres, used as a school for more than a century, has the potential to be reborn as a spectacular private residence.
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Burnham ‘rules out’ scrapping Stamp Duty in the next Budget
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Savills recruits West Suffolk specialist
Former Jackson-Stops agent has joined the Savills Ipswich team as associate director.