Hot homes: price reductions

We find the latest discounts on offer across the capital.
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Find the properties with the biggest price reductions and you can save on your mortgage money.

There are many reasons why some Londoners need a speedy sale — a new job, school starting dates, transfers abroad, for example. And quick sales can require a generous price drop.

And buyers who may have felt their potential dream home was overpriced could well find it listed at a hefty discount just weeks or months later.

“The market is busier than it’s been on deals done, but it is markedly noticeable that these deals happen when the price is reduced. Given the competitive nature of estate agency and the shortage of stock, I’m afraid a lot of this must be put down to agents over valuing. Current press around a dubiously “booming” market is not helping as many sellers tend to believe it and buy into the hype,” says Ed Mead, Director at Douglas & Gordon.

So do your homework and find those deals. We find the latest discounts on offer across the capital.

Two-bedroom flat: Old Street, EC1
REDUCED BY £20,000: NOW £449,995
A two-bedroom flat on the fifth floor of a secure building in Norman Street, EC1, close to Barbican and Old Street Tube stations. The apartment has secure parking, a separate kitchen and an L-shaped reception room with floor-to-ceiling windows and a balcony offering City views.
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