Rising numbers of property owners are dropping the asking price of their homes in a bid to secure a quick sale.
Latest figures reveal average age new seller asking prices fell by 1.9 per cent this month to £364,895, the biggest fall in August since 2018.
Earlier this month, the estate agent, Hamptons said that 50% of homes in England and Wales sold following a price reduction in July, up from 47% in June and from 34% in July last year.