US EditionRightmove say average UK house price has tumbled by more than £10,000
Average UK house prices have declined for six months straight with a 1.3% drop in August while sales rose 8% compared to last year, Rightmove data shows.
- Rightmove said the average asking price for a home in the UK has fallen by 1.3% or £4,969 this month to £368,740.
- More than one in three properties have been reduced in price since first coming to market, and the number of houses for sale is at a decade high, up 10% in a year.
- The market is adjusting to a recent increase in stamp duty that brought forward demand in the first part of the year, and serious buyers and sellers are locking in deals amid stable buyer demand and forecasts of one more interest rate cut this year.
28 Articles
28 Articles
Property prices take £10,000 hit over summer months - but 'savvy summer sellers' need not fear
The average house price has plummeted by more than £10,000 over the summer, sinking by almost £5,000 month-on-month in August.Property website Rightmove has claimed that the average price tag on a home has slipped by 1.3 per cent (£4,969) month-on-month to sit at £368,740. However, it is not all doom and gloom for “savvy summer sellers”, according to property expert Colleen Babcock. **ARE YOU READING THIS ON OUR APP? DOWNLOAD NOW FOR THE BEST GB…
UK homeowners issued warning as property prices plummet over summer - The Mirror
A new report from a property website shares that UK house prices have fallen by 1.3%, or £4,969, month-on-month in August to stand at a total of £368,740, following huge falls in June and July
Property price tags drop £10,000 over summer as sellers cut prices to shift homes
The average asking price for a home fell by more than £10,000 over summer, according to figures from property website Rightmove.The average price of a home across Britain fell by 1.3 per cent, or £4,969, in the past month to stand at £368,740.The August price drop is in line with the norm for the month, but it follows bigger-than-usual falls in June and July.#color-context-related-article-3843440 {--inews-color-primary: #F88379;--inews-color-sec…
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