Rightmove: UK asking prices drop as sellers try to tempt busy buyers from election and Euro 2024

Property sellers are taking action to boost demand as buyers await interest rate cuts. Is now the time to buy?

house model with question marks
(Image credit: Getty Images/asking prices)

From the general election to Euro 2024 and Wimbledon, there has been plenty to keep potential homebuyers busy in recent weeks but sellers are adopting new tactics to boost demand.

The latest Rightmove House Price Index shows average new seller asking prices dropped by 0.4% this month in the build-up and immediate aftermath of the general election - a larger July drop than usual.

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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.