UK house price slump blamed on surge in sellers

Number of homes put on market rises 8.6% but there has been no increase in buyers

A surge in homeowners putting their property on the market – just as buyers melt away in summer – is depressing house prices, according to the biggest property website, Rightmove.

The number of properties coming on to the market in July rose by 8.6% but there has been “no corresponding increase in buyer numbers to soak up the new seller influx”, Rightmove said.

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Source: theguardian – realestate
UK house price slump blamed on surge in sellers