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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