UK Property asking prices fall again

Property website Rightmove found sellers slashed prices by 1.7 per cent during the month to August 7, sending the average asking value down by £4,091 to £232,241.

Soaring numbers of sellers outnumbered buyers, with the imbalance in supply and demand compounded as many house-hunters took summer holidays.
Rightmove found available stock per agent rose to its highest August level for three years, up 41.3 per cent on a year earlier to 29,220 a week.

It warned market conditions ‘‘bear some similarities’’ to the torrid second half of 2008 when the credit crunch left prices plunging by 7.1 per cent as agents struggling to shift stock.

telegraph.co.uk/finance/econ … again.html

House prices fall across the whole country as buyers sit tight → independent.co.uk/news/busin … 90553.html