Rightmove says prices dropping as more properties are available and after stamp duty increases in England
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Property asking prices slipped in June, as sellers faced the toughest competition in a decade to find buyers.
The “unusual dip” in prices – by 0.3% to £378,420 – compares with an average increase of 0.4% in June over the past 10 years, according to the property portal Rightmove.
Buyer demand is now 3% higher compared with last year, Rightmove found, while the number of homes coming to market is 11% ahead. Such a wide variety of choice means the market is highly price sensitive, the company said.
