The retail prices of 37.9 % of properties for sale in Britain have been cut by an average of £ 26,000 ( $ 33,000 ) , according to research by Zoopla . The figure is up from 32.4 % of properties in April and , while the data demonstrates the housing market is slowing , there are significant regional differences . Asking prices have been lowered for 45 % of properties in the London district of Mitcham , while overall in the capital 35 % of properties have been discounted . However , in 2011 46.6 % of properties have had their prices cut , whereas Glasgow and Manchester saw price reductions on only 19 % and 26 % respectively .
The asking prices of 37.9% of properties for sale in Britain have been cut by an average of £26,000 ($33,000), according to research by Zoopla. The figure is up from 32.4% of properties in April and, while the data demonstrates the housing market is slowing, there are significant regional differences. Asking prices have been lowered for 45% of properties in the London district of Mitcham, while overall in the capital 39.5% of properties have been discounted. However, in Brighton 46.6% of properties have had their prices cut, whereas Glasgow and Manchester saw price reductions on only 19% and 26% respectively.