House price figures 'bode well'

Further signs of growing housing market confidence have been reported as a property search website revealed the lowest level of asking price reductions in at least three years.

Three in 10 (30.7%) sellers who have their home on the market have dropped their original prices, marking the lowest proportion on zoopla.co.uk's records, which began in summer 2010. Of the sellers who have had to slash their prices, the typical reduction is 6.1% or £19,595, showing the lowest average discount recorded since autumn 2010.
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