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Euronews
Euronews
Una Hajdari

UK housing market cools as sellers cut prices for second month

Prices for UK homes dropped for the second month in a row as market saturation, a new taxation scheme, and uncertainty linked to November's state budget put downward pressure on costs.

Average asking prices for newly listed homes across the UK fell by 1.8% in the four weeks to 6 December, coming to £358,138 (€407,972). That was after facing a previous 1.8% drop to £364,833 (€415,599) in November, according to Rightmove, an online platform used by UK residents to search for homes to buy or rent.

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