The asking prices offered by Britons looking to sell their properties have been falling in recent weeks, according to the latest figures.
Data corroborated by Rightmove has shown that with more and more households facing money problems, the typical price at which sellers are putting their property up for sale has fallen 1.2 per cent during June.
In May, the figure rose by the same margin and the average asking price is currently believed to by just under £240,000, according to Rightmove’s assessment of statistics from Nationwide and Halifax.
"New sellers are now taking some proactive steps to price more realistically from the outset to attract increasingly hard-pressed buyers," said Miles Shipside, commercial director of the property portal behind the recent research.
According to Credit Action, the typical British household has a debt management burden worth close to £57,700, including their mortgage arrears.