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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Average asking price for UK home drops by £5,000 in November

Selection of estate agents boards
Rightmove expects new seller prices to rise by 4% in 2025. Photograph: Mike Kemp/In Pictures/Getty Images

The average asking price for a UK home has dropped by more than £5,000 this month as the autumn budget caused housing market jitters before the usual Christmas slowdown.

Average asking prices from new sellers fell by £5,366, or 1.4%, in November to £366,592, compared with the 0.8% decline usually recorded at this time of year, according to the website Rightmove.

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