A stampede for the exit?
Vendors have been reducing their asking prices in record numbers, and by record amounts, according to the property portal idealista.com. Year-on-year, price reductions in May increased by 54pc in volume (green chart) and by an average of 12pc in value (red chart). Almost 9pc of vendors listing with Idealista dropped their asking prices in May. Looks a bit like a stampede for the exit.