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House Prices: Buyer’s Market Sees July Prices Plummet
BRITAIN, JUL 20 – Average asking prices in Britain fell 1.2% in July, the largest July drop in over 20 years, driven by high seller competition and regional falls, especially in London.
- On Monday, Rightmove said the average asking price in July was £373,709, down £4,531 month-on-month, marking the largest July dip in over 20 years.
- April’s temporary stamp duty holiday ended, while high seller competition is limiting price growth, according to Rightmove.
- Rightmove shows the UK’s asking prices fell 1.2%, with London dropping 1.5% and inner London 2.1%, marking the largest July decline in over 20 years.
- Rightmove said that sales agreed were 5% higher than last year, marking the highest July level since 2021.
- Rightmove cut its 2025 growth forecast to 2%, and said two more Bank of England rate cuts would support a positive outlook.
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Oxford MailReposted by 
thisisoxfordshire.co.uk
thisisoxfordshire.co.ukBiggest July housing price dip 'in 20 years' as Cotswolds summer market slows
The UK housing market has seen its biggest July price dip "in 20 years" as the Cotswolds summer market slows down.
·Oxford, United Kingdom
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Coverage Details
Total News Sources30
Leaning Left3Leaning Right2Center10Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 20%
C 67%
13%
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