Price cut for 37% of for-sale homes

Press Association
For sale signs
For sale signs

The share of homes on the market which have had their original asking price slashed has reached a nine-month high, amid the wet summer weather and the distraction of the Olympics, a study finds.

Nearly four in 10 (37%) of properties for sale in Britain have had their asking prices cut at least once since they were listed, with a typical reduction of 7.6%, or £19,000, said.