Average asking price reduction in Bournemouth is £23,760, according to Zoopla

Zoopla says nearly a third of homes for sale in Britain have had their original asking price reduced, with the average markdown standing at nearly £25,000.

The average reduction in asking prices stands at £24,947, analysis based on the site found.

However, Bournemouth has the eighth smallest asking price reductions in percentage terms, with an average of 5.2 per cent. In cash terms, the average reduction is £23,760.

The percentage of reduced properties on the market is 29.87 per cent.

Bristol has the next smallest asking price reductions, with an average markdown of £14,420, followed by Colchester with £17,691.

Enfield has the smallest reductions in Britain, with an average discount of 8.1 per cent or £23,064.

On the other end of the scale, the Isle of Man has the largest discounts – at 8.3 per cent or £41,212 on average.

Bradford has the next biggest reductions, with an average discount of eight per cent or £11,768, with Doncaster in third place with average discounts of 7.2 per cent or £12,894.