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 ?
The start of the buyout of the tobacco from last year's yield was delayed which had an impact on the quality and drove down the price, farmers say.
Further, the Great Recession and the general malaise of newspapers drove down the price of Times Co.
The current fall in gold drove down the prices to a level last seen on May 30 last year as the metal tumbled in New York by USD 25.70 to USD 1559.30 an ounce on fears the US Federal Reserve might scale back stimulus.