Rightmove has reported a third consecutive month of
reductions in the price of homes coming to market in the UK. It said the
average price of homes coming to market in January was down 0.9% - or £2,887 –
on December, when a 0.6% drop on the month before was posted. November’s
average for new listings was 0.5% down on October. According to Rightmove, the
average asking price for a new home in the UK is £317,058, which is still a
3.3% increase on January 2020’s figure. The firm said one potential explanation
for the month-on-month decline was sellers hoping to squeeze in new sales
before the government’s stamp-duty holiday ends on March 31. Read more on
Housing Today.
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