Asking prices for newly listed UK homes fell 1.2% in July, the sharpest drop for that month in over 20 years.
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Sellers are pricing more competitively amid high inventory levels and increased buyer sensitivity to overpricing.
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Rightmove cut its 2025 price growth forecast to 2% from 4%, despite sales running 5% above 2024 levels.
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Falling mortgage rates and strong wage growth are improving housing affordability.
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This article was written by Eamonn Sheridan at investinglive.com.
