Asking prices drop, but Rightmove says housing market is set for a busy autumn

Data from Rightmove shows asking prices took a summer dip but the property site says the market is set for a busy period after interest rate cut.

For sale sign
(Image credit: Getty Images/William Barton)

Average asking prices dropped in the first weeks of August amid the usual summer lull but the property market is set for a busy autumn following interest rate cuts, Rightmove claims.

The housing market appears to have turned a corner in recent months as slowing inflation and falling mortgage rates boosts buyer budgets.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.