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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Average asking price for home in UK drops by £7,000 in December

Rightmove United Kingdom UK Finance
Properties with estate agent signs outside.
The average new seller asking price has fallen by 1.9% month-on-month to £355,177. Photograph: Maureen McLean/Rex/Shutterstock

The average asking price for a UK home has dropped by almost £7,000 this month as sellers became more competitive as they fought to find a buyer for their properties.

With prices expected to fall further in 2024, the property portal Rightmove has reported that the average new seller asking price fell by 1.9% month-on-month to £355,177. That is a drop of £6,966 compared with November.

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