Sellers pull out of the property market ahead of the Christmas election

The number of people putting their house on the market has seen its biggest fall for over ten years, as the housing market continues to cool.

BRITAIN-ECONOMY-CONSTRUCTION-EU-HOUSING

Asking prices have seen their biggest falls for over ten years.
(Image credit: AFP via Getty Images)

The number of people putting their house on the market has seen its biggest fall for over ten years, according to the latest data from property website Rightmove. Asking prices have also fallen but that is normal for this time of year as the market slows ahead of Christmas.

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Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.