According to data from the real estate website Rightmove on Monday, despite a slight recovery in activity in the property market, prices for newly listed homes in the UK still recorded the biggest drop in August since 2018. In the four weeks ending August 8, the average housing listing price fell 2.0%, higher than the 10-year average of 1.3%. The summer market cooled down, and the number of houses for sale reached a 12-year high, putting pressure on housing prices. Housing listings fell 1.0% year on year, the biggest year-on-year decline since December 2023.

According to data from the real estate website Rightmove on Monday, despite a slight recovery in activity in the property market, prices for newly listed homes in the UK still recorded the biggest drop in August since 2018. In the four weeks ending August 8, the average housing listing price fell 2.0%, higher than the 10-year average of 1.3%. The summer market cooled down, and the number of houses for sale reached a 12-year high, putting pressure on housing prices. Housing listings fell 1.0% year on year, the biggest year-on-year decline since December 2023.