London house prices fall sharply

The average discount to the asking price for a newly agreed home sale was nearly 5% in London this month, according to Zoopla

Buyers are securing the largest price cuts nationwide in Britian in almost five years.

London and southeast England are seeing the biggest home discounts in Britain as buyers across the country secure the largest price cuts nationwide in almost five years.

The average discount to the asking price for a newly agreed home sale was nearly 5% in London and southeast England this month, according to a report from property portal Zoopla.