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2025-12-15 09:28:56
[UK House Prices Fall by More Than the 10-Year Average] 1. Data released by UK property website Rightmove shows that in the four weeks ending December 6, the average asking price for houses in the UK fell by 1.8% month-on-month, a larger drop than the 1.4% average for the same period over the past decade. 2. Analysts believe this price decline may reflect market uncertainty ahead of the government's budget announcement last month. The budget includes a new annual tax on homes valued at over £2 million (approximately $2.63 million) starting in April 2028. The report notes that this again demonstrates market weakness before and after the budget announcement. 3. However, Rightmove's property experts predict that UK house prices could grow by around 2% in 2026, with market conditions expected to support more active transactions and a potentially more certain economic environment, and anticipate a strong rebound in market activity at the start of the new year.
