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Four in 10 London home sellers cutting their prices: report

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While London has been hardest hit by the cooling of UK housing, the rest of the country is also seeing widespread reductions, with 37 per cent of sellers nationwide cutting their asking price.

London

THE proportion of London home sellers dropping their asking price is rising as the property market slumps further.

With more than four in 10 revising lower, the average price cut of 6.7 per cent reflects "initial over-optimism and a tougher market", Rightmove Plc said in a

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