‘A buyer’s market’: average £18,000 knocked off UK property asking price, says Zoopla

Average discount stands at five-year high despite ongoing long-term shortage of homes for sale

Homebuyers are in the strongest negotiating position for five years with an average £18,000 knocked off asking prices to land a deal amid a choppy housing market, research has shown.

The average discount on a house purchase has reached its highest since 2018 in a further sign that it remains a “buyer’s market” despite the long-term shortage of homes in the UK.