Newly listed asking prices fell 2% in August to £364,999, the largest monthly drop since 2018, as a 12-year high in homes for sale forces sellers to compete on price.
House prices across Great Britain rose 1.7% annually to reach an average of £329,500 in July, but e.surv's latest House Price Index shows growth momentum slowing across northern...
UK house prices flatlined in July with annual growth at just 0.1%, the weakest rate since November 2023, as mortgage rate sensitivity continues to weigh on market activity.
Newly-listed homes see asking prices fall 1% this month as sellers compete harder to attract summer buyers distracted by the World Cup, hot weather and political change.
e.surv's latest data shows mortgage affordability has deteriorated sharply since 2019, with borrowing costs rising three times faster than house prices.