Price falls start in UK property market as winter cools real estate industry

[Nicholas Wallwork]

Price falls start in UK property market as winter cools real estate industry Residential property prices in the UK are expected to fall for the next three months as new sellers drop their asking prices by almost £4,000 in a bid to sell before Christmas.


The latest real estate index to be published shows that prices fell 1.6% between October and November, the first fall for three months. The Rightmove report shows that the average house price fell from £230,184 to £226,440.

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[Jimferguson42]

I believe prices will continue to fall

I would wait until December to early January before jumping on the prices. The prices should continue to drop. By that time the prices for homes should be way below market value.