Rightmove said asking prices for residential property
fell in December and early January ahead of the expiry of a tax cut for buyers,
but the country’s booming housing market remained busy. Prices for houses and
apartments advertised between Dec. 6 and Jan. 9 were down by 0.9% from the
previous month, slowing the annual pace of growth to 3.3% from 6.6% a month
earlier, Rightmove said. But the number of buyers contacting agents was up by
12% and the sales agreed were up by 9% in January so far compared with the same
period a year earlier, when the market was also strong. Read more on the
Reuters website.
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