The average new seller asking price fell sightly in June as the usual ‘summer slowdown’ began early in the face of rising interest rates, Rightmove has reported.

The property market portal said the average price fell slightly, by 0.02% to £372,812 in June compared to the previous month. The drop, albeit very small, is the first fall in the month of June since 2017 and the first fall in monthly prices this year.