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UK housing market starts to slow as more sellers cut prices

George Hammond

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London | The UK’s red-hot housing market is beginning to cool, with a growing number of sellers cutting asking prices and the average time to sell a home lengthening, according to data published by the property portal Zoopla.

More than one in 20 homes for sale had their asking prices slashed last month, by an average of 9 per cent, Zoopla said, the highest level of discounting in 18 months.

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    Original URL: https://www.afr.com/world/europe/uk-housing-market-starts-to-slow-as-more-sellers-cut-prices-20220530-p5appr