drive down a/the/(something's) price

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drive down a/the/(something's) price

To cause the price of something to decrease. I'm worried that having that dilapidated old building right next door has driven down my house price.
See also: down, drive, price
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
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References in periodicals archive ?
Aside from its various advantages, most importantly, it will help drive down the price of full-fibre connectivity.
They said potential purchasers apparently want to prolong the acquisition process to drive down the price, while Nexon founder Kim Jung-ju, current CEO of Nexon's holding company NXC, is pushing to sell his company at as high a price as possible.
However, they now want to offer Rodriguez as a direct replacement in a bid to drive down the price and tempt Spurs to cash-in on one of their prized assets.
Spurs owner Daniel Levy has been reluctant to make an offer for Grealish in a cunning attempt to drive down the price - but that has now backfired.
At her most recent stop at Magnolia Gardens Senior Center last week, she announcedthe "Stop Price Gouging Act." If passed, the legislation would drive down the price of drug prices, ensure access to affordable medications for seniors, and impose penalties on pharmaceutical companies that increase medication prices without cause.
and in so doing, will spur Verizon and AT&T to invest in a huge capacity increase that will drive down the price per gigabyte across the entire industry.
It would also help drive down the price of land and thereby make housing more affordable.
They say that ahead of the purchase season, wineries wish to drive down the price on the pretext of having plenty of wine stocks.
The club added: "As well as lowering the price of home tickets, Newcastle United have continued to drive down the price of away tickets, with the average price of an away ticket so far this season just PS30 for adults and PS12 for juniors.
Canada has a problem other countries sanctioning Iran do not have; it is a major oil exporter and Iran's return to unconstrained oil exports may drive down the price of oil and hurt its economy.
For example, improved technology in oil and gas production has helped drive down the price of gasoline and other fuels, and lower gasoline prices spell less demand for biodiesel.
Cynics immediately saw the move as a ploy to drive down the price for Digital First Media's Denver Post, the 400,000-circulation seven-day paper.
This was, he argued, so that the timber market was not flooded with timber which could drive down the price.
If you were to ask anyone within the livestock farming community I suspect they would say that at the root of the problem is the constant pressure to drive down the price of food at the supermarket.