‘A buyer’s market’: average £18,000 knocked off UK property asking price, says Zoopla

Zoopla says there is now ‘greater realism’ from sellers on the house price they will accept.
Photograph: Yui Mok/PA

Homebuyers are in the strongest negotiating position for five years with an average £18,000 knocked off asking prices to land a deal amid a choppy housing market, research has shown.

The average discount on a house purchase has reached its highest since 2018 in a further sign that it remains a “buyer’s market” despite the long-term shortage of homes in the UK.