UK Home Prices Fall for First Time in a Year

The average asking price for a home in the UK has dropped compared to last year, new data shows. Property website Rightmove reports the average price tag on a home coming to market fell to £358,138 in the four weeks to December 6. This is a decrease of approximately £2,000 from the same period one year ago. This marks the first annual decline in asking prices recorded by the index in 2024. The dip suggests a cooling market as the year ends. The data provides a key snapshot of seller sentiment and pricing trends at the start of the winter period.