Looming election deters sellers but cheaper prices tempt buyers say Rightmove

Looming election deters sellers but cheaper prices tempt buyers

  • The price of property coming to market falls by 1.3% (-£3,904) this month, and while drops are usual at this time of year it suggests opportunities for buyers to find a winter bargain.
  • 14.9% fewer new sellers than in the same period a year ago, deterred by lacklustre price growth and political uncertainty, the largest year on year slump in any month since August 2009.
  • In contrast, the number of sales agreed falls by just 2.9% compared to this time last year
  • Larger properties (four bedrooms or more) are the most active sector, with just 1.4% fewer sales agreed compared to 2018, as buyers benefit from prices 1.2% cheaper than last year.