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"New seller asking prices for homes across Britain plummeted by 1.8 per cent, or 6,589, in November, according to property portal Rightmove. This marks the largest November drop since 2012, bringing the average price tag to 364,833. Speculation surrounding the forthcoming Budget is fuelling market uncertainty, particularly at the upper end. Homes priced under 500,000 have, however, shown greater resilience to potential policy changes."
The Independent emphasizes on-the-ground journalism across topics from reproductive rights to climate change and Big Tech, funded by donations and offered without paywalls so reporting remains accessible. New seller asking prices across Britain fell 1.8% in November, equivalent to 6,589 fewer pounds, marking the largest November drop since 2012 and bringing the average asking price to 364,833. Speculation about the forthcoming Budget is increasing market uncertainty, especially at the upper end, while homes priced under 500,000 have shown greater resilience. More than a third of listings have seen reductions, averaging a 7% cut, highest since February 2024.
Read at www.independent.co.uk
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