Rightmove expects three consecutive months of price falls

Rightmove expects three further months of falls in asking prices following its latest index recording a 1.6% fall in November. Asking prices fell to an average of £226,440 in November, which Rightmove attributed to the tail off of the traditional autumn buoyancy. Miles Shipside, commercial director of Rightmove, said it expected three months of asking price falls before a tentative recovery in early spring because the November price fall proved the market did not have the strength to buck seasonal trends. He added: "Available property remained thin, with 89,140 new homes coming on ...