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Economics

U.K. Housing Loses Momentum With Second Drop in Asking Prices

  • Rightmove says market is headed for slower gains in 2022
  • Supply of new properties at a record low now may rise soon
U.K. Housing Market Ahead of Latest RICS Figures
Photographer: Darren Staples/Bloomberg

Asking prices for homes on sale in the U.K. fell for a second month in December, indicating the property market lost momentum at the end of a strong year.

The price of property coming to the market fell by 0.7% this month, Rightmove said Monday. That’s the biggest decline since January and followed a 0.6% drop in November.