Price sensitivity is showing signs of returning to the housing market as house hunters’ buying power takes a hit.
Zoopla said six per cent of homes listed for sale have seen the asking price adjusted downwards by five per cent or more, marking the highest level since before the coronavirus pandemic.
Given the economic backdrop and factors including rising energy prices and rising interest rates, this is a clear sign of a return to more of a buyers’ market, after two years of a market that favoured sellers, said the property portal.
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