Rightmove expects three consecutive months of price falls

clock

Rightmove expects three further months of falls in asking prices following its latest index recording a 1.6% fall in November.

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 ...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Sivajoti: "It's been a long term goal of ours."

NextGen Planners valued at £5m as it opens crowdfunding

Comes after initial target of £150,000 was quickly exceeded

Hope William-Smith
clock 01 December 2022 • 1 min read
PA Working Lunches: Register now to hear Baillie Gifford on 7 Dec

PA Working Lunches: Register now to hear Baillie Gifford on 7 Dec

Advisers invited to join an informative lunch session worth one hour of CPD

Professional Adviser
clock 01 December 2022 • 1 min read
Kingswood acquires Cheshire-based adviser in £12m deal

Kingswood acquires Cheshire-based adviser in £12m deal

AUM stands at more than £8.5bn across UK & Ireland

Jenna Brown
clock 01 December 2022 • 2 min read