Property site Rightmove says market for smaller properties experiencing record highs despite overall decline
UK house prices fell in August amid a drop in demand for bigger homes after the government scaled back its stamp duty tax break for buyers in England and Northern Ireland this summer, according to Rightmove.
The property website said the national average asking price of a home had fallen by 0.3%, or about £1,000, over the past month, and now stood at £337,371. However, it said buyer demand remained strong for smaller properties in particular, and that it was predicting an “autumn bounce” in prices.
