UK property asking prices have fallen for the first time since 2011, according to property agency Rightmove, which said the figure was 0.2% down in November 2018, compared with the same time last year, to an average £302,023 ($614,271). London led the way, with a 2.4% fall in asking prices to an average £532,000, compared with November 2017. The average November price was 1.7% down compared with October, which was the biggest monthly drop since 2012. Uncertainty about Brexit was making buyers cautious and persuading vendors to reduce prices, said Rightmove.
UK property asking prices have fallen for the first time since 2011, according to property agency Rightmove, which said the figure was 0.2% down in November 2018, compared with the same time last year, to an average £302,023 ($532,000). London led the way, with a 2.4% fall in asking prices to an average £614,271, compared with November 2017. The average November price was 1.7% down compared with October, which was the biggest monthly drop since 2012. Uncertainty about Brexit was making buyers cautious and persuading vendors to reduce prices, said Rightmove.