UK house prices declined in July as decade-high level of supply limited the pricing capacity of sellers, property website Rightmove said Monday.
Average asking prices dropped 1.2 percent in July from the previous month to GBP 373,709.
Data showed that as the number of available homes remained at a decade-high level, summer sellers priced even more competitively to attract buyer interest.
London was the biggest regional driver for the monthly fall in home prices, reporting a 1.5 percent decrease in July.
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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.