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
References in periodicals archive ?
The country's justice minister Thursday proposed (http://www.ibtimes.com/bitcoin-prices-fall-after-south-korea-cracks-down-exchanges-2640522) a ban on exchanges similar to Pan's, but his comments were made publicly, immediately driving down the price of bitcoin.
In 2012, several cranberry farmers filed a complaint claiming that Ocean Spray violated federal antitrust law by driving down the price paid for cranberries produced by certain growers.
High energy prices made it hard for the company to compete and, in recent times, Chinese steel producers, hit by falling demand at home, have flooded the global market with its product, driving down the price.
However, following a masterclass in driving down the price, she may just be able to bag herself a bargain.
Proponents of the bill argue that, by eliminating prison terms for growing these products, the market would be flooded by the drugs, driving down the price and reducing the incentive for farmers to grow them.
When the Spanish FIT was lowered after September 2008, a PV supply glut resulted, driving down the price of solar panels and lowering profits throughout the industry.
This alternative uptick rule is designed to restrict short selling from further driving down the price of a stock that has dropped more than 10 per cent in one day.
They accused Tesco of driving down the price of cheap chickens and other meat products which, they claim, has forced factories to employ low paid migrant workers in an attempt to cut costs.
When a drug's patent expires, cheaper copies are allowed on the market, driving down the price. The number of prescriptions increased 2.8% in 2007, slower than the 4.6% increase in 2006.
A buyer initiates reverse auctions by distributing purchasing specifications, such as requests for quotes, and suppliers compete against each other in Web-based, real-time auctions to win the buyer's business, driving down the price in the process.
AUTO X CHANGE, Ireland's Leading Used Car Supermarket, has been driving down the price of nearly New and Used cars in Ireland for almost five years now.
The argument was that most Canadian lumber is harvested on government-owned land, at what they say are artificially low prices, driving down the price below market value.
This could lead to a war and a battle for the 'ned pound.' Helen Liddell, Labour MP for Airdrie and Shotts in Lanarkshire, where Buckfast is a big seller, said: 'This is disturbing because this is driving down the price of this wine even further.'
The panelists told Tester that the tariffs are threatening to eliminate their access to international markets and driving down the price of agriculture commodities, while increasing the cost of building materials.
As long as Canadians pay too steep a price for their cellphone and Internet bills, our government will take extraordinary means to continue driving down the prices of telecommunications services.