Revealed: Where are sellers cutting asking prices the most?

The top 10 areas where home sellers are slashing asking prices, according to Zoopla figures.

View of the Victorian seaside architecture at dusk in Broadstairs, Kent asking prices
(Image credit: Getty Images)

House prices have fallen across the board, with property asking prices being cut at the fastest rate in over a decade.

But some regions saw bigger cuts than others, and according to property portal Zoopla, the South East has been hardest hit by price reductions.

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Local AuthorityRegionProportion of for-sale listings undergoing an asking price reduction of 5% or more in the last 90 days
ThanetS East20.8%
DoverS East19.8%
Brighton and HoveS East19.4%
Surrey HeathS East19.2%
WokingS East18.7%
ColchesterEast of England18.6%
MaidstoneS East18.6%
LewesS East18.6%
HyndburnN West18.3%
CanterburyS East17.9%
Pedro Gonçalves
Contributor

Pedro Gonçalves is a finance reporter with experience covering investment, banks, fintech and wealth management. He has previously worked for Yahoo Finance UK, Investment Week, and national news publications in Portugal.