UK Rightmove house price index registered a drop in August
Rightmove house price Asking expenses for homes in the uk fell by means of 0.9pc in August of their biggest month-on-month drop of the year, according to the modern day Rightmove figures.
On an annual basis, the benefit in residence expenses picked up pace in August, accelerating slightly to three.1pc.
The figures confirmed that the national housing market, which has softened in the past 12 months due to tax changes, Brexit, political uncertainty and a consumer spending squeeze, is protecting up better than the market in London.
Rightmove house price
call for for homes inside the capital keeps to ease and the slowdown shows few symptoms of letting up.
Asking costs in London rose 1.6pc in August during the last yr, Rightmove said. whilst that is an boom from the July pace, it’s far properly underneath a peak of 20pc in 2014 and is most effective the second one time this yr the annual price of boom has topped 1pc.
at the month, costs fell 1.9pc amid a conventional summer lull.
inside London, asking charges were most resilient inside the borough of Hackney. They rose 8.9pc during the last year to a mean of £686,663.
the ones in Hammersmith and Fulham have been hardest hit, with fees down 6.4pc to £915,264