News

Sellers drop house prices for buyers

Monday 8th of September 2008

 

The average property price fell 4.5% in August, adding to a 2.2% drop in July, according to Quotable Value, the government valuation agency.

There are definitely more properties selling at reduced prices as vendors adjust their expectations,” said Blue Hancock, a spokesman for QV Valuations.

“Many buyers are realizing that price decreases are making this a...

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