House prices hold up in August

21st August 2015

Asking prices for homes coming onto the market fell by just 0.8% in August, according to Rightmove. The firm suggested that prices held up due to a reluctance by homeowners to put their own property on the market while house-hunters remained active. In London the drop was 1.3% to an average asking price of £606,826, and other parts of the south all saw falls of more than 1%. The biggest increase was in the northeast, where new sellers asked 1.2% more than in July, at an average of £149,051. In contrast, in the east Midlands, asking prices fell 1.4% to an average of £187,587.

The Times (17/08/2015)