With discounts available on more than a third of homes listed for sale in Britain, here's where you should be focusing your search.

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More than a third of British properties have been slashed in price – by an average of £26,131, or 8.5%.

According to the latest data from Zoopla, 38% of properties on the market have been reduced in price. That’s a 5% increase since April.

The biggest percentage reductions over the last six months have been in Bradford (7.8%) where the average discount stands at £10,738. This is closely followed by the London suburb of Mitcham (7.5%) at £47,165, and Newcastle upon Tyne (7.2%) at £13,721.

Brighton tops the ranking for the highest proportion of discounted homes, with 46.6% of properties marked down in price. The south coast town is followed by Woking at 46%, and Mitcham at 45.9%.

In the capital, 39.5% of London property listings have been reduced in price – up from 34.6% in April. The average property in the city has been discounted by £64,661, or 6.9%.

Want to know more? These tables show the nitty-gritty…

Top 10 areas with largest percentage price reductions

 

Town

Average price reduction

Average price reduction

Reduced properties on the market
1. Bradford 7.8% £10,738 37.1%
2. Mitcham 7.5% £47,165 45.9%
3. Newcastle upon Tyne 7.2% £13,721 38.6%
4. Doncaster 7% £13,915 34.5%
5. Bolton 7% £15,874 37.3%
6. London 6.9% £64,661 39.5%
7.  Chesterfield 6.8% £16,567 38.6%
8.  Blackburn 6.8%  £8,893  34.8% 
9.  Liverpool 6.8%  £13,078  28.5% 
10.  Blackpool  6.7%  £10,113  38.4% 

Top 10 areas with highest proportion of asking price reductions

 

Town

Reduced properties on the market

Average price reduction

Average price reduction
1. Brighton 46.6% 6.4% £28,122
2.  Woking  46%  6.4%  £34,845 
3.  Mitcham  45.9%  7.5%  £47,165
4.  Slough  45.8%  5.8%  £31,732 
5.   Sutton  45.4%  5.9%  £25,228 
6.   Reading  44.6%  5.9%  £26,478 
7.  Basingstoke  43.8%  5.8%  £21,866 
8.  Harrow  43.3%  6%  £29,066 
9. Twickenham  43.3%  6.7%  £44,218 
10. Croydon 43.1% 6.6% £25,615

Top 10 London boroughs with largest percentage price reductions

 

Borough

Average price reduction

Average price reduction

Reduced properties on the market
1. Kensington & Chelsea  8.2%  £127,394  39.7% 
2.  Westminster  7.9%  £126,056  39.7% 
3.  Hammersmith & Fulham  7.5%  £79,020  37.4% 
4.  Lambeth  7.4%  £63,616  43.2% 
5.  Wandsworth 7.3%  £69,690  43.5% 
6.  Camden 7%  £78,373  41.3% 
7.  Ealing  7%  £62,357  39% 
8.  Richmond upon Thames  7%  £57,171  43.4% 
9.  Merton  6.9%  £44,995  45.2% 
10.  Croydon  6.8%  £32,351  43.8% 

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