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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

UK homeowners forced to settle for below asking price, Zoopla says

aerial view of terraced streets
More UK homes are coming to the market for sale, with the total stock available up 40% from this time last year – but that’s still almost 20% below pre-pandemic levels. Photograph: Victoria Jones/PA

People selling their homes have typically had to settle for below the asking price in recent weeks, according to Zoopla, which is predicting house prices will fall by about 5% next year.

The average price achieved in recent weeks has been 3% below a seller’s asking price, when for much of 2021 and the first half of this year it matched the asking price, the property website said. Zoopla said it expects discounts to increase further in 2023.

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