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House Price Falling Graph

House Prices Fall For First Time In 2022 – Rightmove

The price of property coming to the market has fallen for the first time this year, down 1.3% in the month to £365,173 (-£4,795) in August, according to Rightmove. However, the property portal said the fall was likely more due to holidays than mortgage and interest rate rises as prices usually drop in August, and the 1.3% drop is on a par with the average August drop over the past ten years.