Fall in UK house prices as election keeps homes off the market

Number of properties for sale dropped 15% in November – the fastest rate since 2009

The number of properties coming on to the UK housing market is falling at its fastest rate in a decade as next month’s general election deters sellers.

Rightmove said the average price tag fell by £3,900 in November – the equivalent of a 1% decline – on the previous month. The property website also reported the number of new listings dropped by nearly 15%, in what was the largest year-on-year slump in any month since August 2009. Across Britain, the average asking price is £302,808.

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