Home sellers cut asking prices on 3,000 properties a day, says Rightmove

Home sellers cut asking prices on more than 3,000 properties a day on average in Britain during September, according to figures from Rightmove shared exclusively with the BBC.

The property website said the total was the highest of any month for 15 years and was driven, in part, by a glut of homes on the market and some sellers setting unrealistic expectations.

The proportion of listed homes that eventually had a price cut peaked in 2023 and has remained relatively…