Monthly house prices fall faster than usual in July, says Rightmove

By Carl Brown2024-07-15T11:33:00

Distraction of Euros football tournament and general election lead to sellers cutting prices to “capture the attention” of would-be buyers

House prices fell 0.4% in July, a steeper drop than usual for the time of year, according to Rightmove’s latest index.

Rightmove said the average new seller asking price has dropped from £375,110 in June to £373,493 in July. The drop of 0.4% is double the usual drop at this time of year.

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