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The Independent UK
The Independent UK
Albert Toth

Average UK house asking price sees steepest monthly drop in 20 years

Rightmove United Kingdom Colleen Babcock Bank of England London

UK house prices have experienced their sharpest July decline in over two decades, new figures reveal, with the average asking price falling by more than £4,500 this month.

Property portal Rightmove reported that the average asking price now stands at £373,709, marking a 1.2 per cent or £4,531 decrease month-on-month.

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