UK homeowners reduce asking prices as buyers remain cautious

In the UK, many homeowners are finding it hard to sell their houses quickly because they initially set the prices too high.

Buyers are being careful and want good deals.

This means that homes that are priced too high take much longer to sell, sometimes needing several price cuts.

In London, some of the most expensive areas have seen big drops in house prices.

Experts say it's important to set a realistic price from the start to sell a home faster.