The average asking price for a house in the United Kingdom was down 2.4 percent on month in August, property tracking website Rightmove said on Monday, marking the largest decline ever in August.
The August reading follows a 1.7 percent contraction in July.
In August 2011, prices were down 2.1 percent on month - and they were down 1.7 percent in August 2010.
On a yearly basis, house prices were up 2.0 percent following the 2.3 percent increase in the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.