London house prices slip as sellers brace for possible tax change [Yahoo! Finance]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: Yahoo! Finance
Average asking prices for UK houses crept up again this month to £370,257, according to new research, but were still 0.1% lower than a year ago — meaning September is marks the first annual price drop since January 2024. This is "the culmination of several months of competitive pricing by new sellers over the summer," housing platform Rightmove ( RMV.L ) said. “We'd expect to see a slight uptick in new seller asking prices in September, with the traditional back to school season boosting activity heading into autumn," said Colleen Babcock, property expert at Rightmove. "This year's 0.4% September price rise is a little lower than the norm, which is an average of 0.6% at this time of year." The drop has spurred on buying activity in the high-supply market, with the number of sales being agreed now 4% higher than at this time last year. London has glided below the national average, however, alongside the south of England. Both regions have driven the overall average dip in pr
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