Asking prices cut on 3,000 homes a day
More than 3,000 UK homes had their asking price cut every day in September, the highest level in 15 years (Rightmove, via BBC News).
More than 3,000 UK homes had their asking price cut every day in September. That's the highest level in 15 years (Rightmove, via BBC News).
The detail matters. The average cut was nearly 7%, or about £21,000. Homes that needed a reduction took around 119 days to find a buyer. Homes that held their first price took 39.
A price cut on a portal is public. Buyers see it, and start to wonder what's wrong, even when nothing is.
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Source: BBC News, 19 October 2026.
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