[EMB Mon 16th 00:01] Average UK house price falls by £6,395 in seasonal slowdown [Yahoo! Finance]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: EMB Mon 16th 00:01
The average price of a UK property coming to the market is down 1.7% this month, or the equivalent of £6,395, with data showing that the typical cost of a home has fallen to £360,197. Property portal Rightmove ( RMV.L ), which released this latest set of data on Monday, said this fall was in line with the usual December fall. Despite this month's fall, Rightmove said prices were still 1.4% higher than in December 2023 and were broadly in line with its expectation of 1% growth in prices this year. Even with the anticipated festive lull, Rightmove found that activity remained much stronger than the same time last year, with the number of sales being agreed up by 22%, while new buyer demand is up by 13%. Rightmove expected to see a further pick up in activity, in what it said had become the "traditional Boxing Day bounce". Read more: UK economy shrinks unexpectedly by 0.1% in October Tim Bannister, director of property science at Rightmove, said: "Each year, our real-time da
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