London Home Prices Cut to Lure Tax-Hit Buyers, Rightmove Says
London home sellers slashed almost £7,000 ($9,481.5) off their asking prices in June to attract buyers facing higher taxes and greater choice, according to real estate agents.
The average price sought fell 0.9% to £695,414, according to a report by property website Rightmove published Monday. Sellers in the UK capital and other pricey regions are offering discounts to offset the impact of April's increase in transaction costs.
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