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Average asking price for home in UK drops by £7,000 in December


Prices usually decrease at this time of year but fall is greater than 20-year average owing to high mortgage rates, says RightmoveThe average asking price for a UK home has dropped by almost £7,000 this month as sellers became more competitive as they fought to find a buyer for their properties.With prices expected to fall further in 2024, the property portal Rightmove has reported that the average new seller asking price fell by 1.9% month-on-month to £355,177. That is a drop of £6,966 compared with November. Continue reading…

Source : theguardian.com
Read more…Average asking price for home in UK drops by £7,000 in December

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