| From Channel4.com: Homes are selling for a record discount as house prices continue to tumble, figures have shown. The average seller in England and Wales got just 90% of their asking price during September, the lowest level since property intelligence group Hometrack first launched its index in 2001.
The figures were supported by research from the Royal Institution of Chartered Surveyors (RICS), which said sellers in some areas of the country were accepting discounts of 12.5% of their asking price. Hometrack said house prices fell for the 12th month in a row during September, losing a further 1% of their value, and it warned that transaction levels looked set to fall back to a level not seen since the 1960s. The latest drop helped to push up the annual rate of decline to a record level of 6.2% for the year to the end of September..... Full Article: Source
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