LONDON (Reuters) – Asking prices for British houses edged down in November as sellers sought to offload their properties ahead of the expiry in March of a tax break, according to a survey published on Monday by property website Rightmove.
Prices fell by 0.5% in November from October when they jumped by the most in more than four years, Rightmove said.
“Given the ongoing mini-boom, prices might have been expected to rise again this month,” Tim Bannister, Rightmove’s director of property data, said.
“But instead we have a slight dip which could be a result of some new sellers pricing more realistically to have a better chance of agreeing a sale in time to benefit from the stamp duty savings on their onward purchase.”
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