Fierce competition in some areas of London means landlord purchasers are making successful lowball offers
The average price of a home coming up for sale in Britain’s richest borough has dropped by almost £100,000 in a month as fierce competition among sellers in many areas prompts some to slash their price expectations, data shows.
The property website Rightmove said that for Britain as a whole, average newly listed asking prices for homes had fallen by 2% over the past month, the largest August price drop in eight years.
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This article was originally published by The Guardian and written by Rupert Jones.
Read original article on The Guardian