UK house price decline
UK house prices saw their largest August decline in eight years, with average asking prices falling by 2%. Experts attribute the drop to market cooling and increased competition among sellers.
Where they agreeUK house prices fell by 2% in August, marking the largest decline for that month in eight years.
Key playersColleen Babcock (Property Expert)
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Monday, August 17
- UK house price declineAsking prices for newly listed homes in UK’s richest borough fall by £100k in one month
- UK house price declineAverage price tag on a home plunges by £7,360 in August – Rightmove
- UK house price declineUK house prices see biggest August drop since 2018 as sellers slash asking prices
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