UK housing market sees biggest seasonal price drop in years as budget speculation fuels seller cuts and buyer caution—Rightmove’s index dips, legal battle looms.
Rightmove PLC’s recent financial activities and housing market data provide insights into the UK’s current market trends and investor sentiment, despite a cautious investor approach due to geopolitical uncertainties.
Rightmove PLC reports a significant decline in UK house prices in July, with a 1.2% drop in average asking prices, citing a decade-high level of supply as the main cause.