Home sellers 'forced to discount'

Homeowners have been forced to cut asking prices by an average of £20,000 in an effort to sell their homes, a property website has said.

Sellers have typically knocked 7.5% or £19,580 off the original asking price of homes currently on the market, up from £18,475 or a 7% discount this time in 2011, Zoopla.co.uk has found.