INTERNATIONAL: UK homeowners slash house prices by over £25,000 on average as property market slows

PHOTO: Figures from Nationwide show that house price growth went up 0.1 per cent in November Getty

UK homeowners desperate to sell their property in a slowing market have slashed their offer price by an average of £25,562, according to new figures from property website Zoopla.

An analysis of house price data across its website for November reveals that 35 per cent of properties on the market had been marked down, with average prices in London being cut by more than £50,000.

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