'Minor price reductions no longer sway buyers; instead, decisive cuts are what’s driving transactions' - Garrington
'Significant reductions are an increasingly accepted part of prime deals,' says top buying agency.
Home sellers ‘lower their price expectations’ to attract buyers
Rightmove reports an unusual June dip in average asking prices.
Two-thirds of buyers offer under asking price, but only 4% of homes sell at a discount
'Buyers could be negotiating harder, although not all sellers are willing to budge,' says Barclays Bank.
Country house buyers in strongest position for seven years
'It’s quite clear where the negotiating power sits at the moment', says Knight Frank, as high supply & meagre demand puts downward pressure on country property prices.