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 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 economic crisis that drove down the price of Asian imports has been more curse than blessing for shippers that haul the goods across the Pacific.
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.