# Shocking number of homeowners forced to slash prices as buyers ‘head for the hills’

- URL: https://talkfuse.com/story/shocking-number-of-homeowners-forced-to-slash-prices-as-buyers-head-for-the-hills/
- Published: 2026-11-13T07:00:00+00:00
- Updated: 2026-11-13T08:52:55+00:00
- Original publisher: Daily Express (publisher lean: Right)
- Original article: https://www.express.co.uk/finance/personalfinance/2265017/homeowners-forced-to-slash-prices-as-frightened-buyers-head-for-hills
- Topics: World

## Key points

- 34.4% of agreed city home sales followed an asking-price cut.
- September saw over 3,000 daily reductions, averaging about £21,000.
- Savills forecasts house prices to rise 15.8% by 2031.

## Summary

More than a third of homes sold subject to contract in Britain’s major cities had previously had their asking price cut, reflecting a subdued market in which buyers are wary of borrowing costs. The figures point to sellers having to adjust expectations, while experts disagree on the longer-term outlook for house prices.

Rightmove found that more than 3,000 properties a day had price reductions in September, averaging nearly 7% or about £21,000. GetAgent put the share of agreed sales involving a reduction at 34.4%, rising above half in Bournemouth; homes needing a cut took an average of 119 days to find a buyer, against 39 days for those sold without one. Savills expects mortgage rates to remain above 5% into 2028 but forecasts house prices to rise 15.8% by 2031.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.