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19.08.2019 14:41

UK house sales stronger than normal in August - Rightmove

August, normally a quiet month for Britain's property market, has seen a surge in sales, possibly due to buyers seeking to conclude transactions before the country leaves the European Union on Oct. 31, property website Rightmove said.

Rightmove said sales in the August period, which cover the four weeks to Aug. 10, were 6.1% higher than a year earlier and their strongest for the month since 2015, bucking a generally sluggish trend since June 2016's referendum on leaving the European Union.

"While the end of October Brexit outcome remains uncertain, more buyers are now going for the certainty of doing a deal, with some having perhaps hesitated earlier in the year," Rightmove director Miles Shipside said.

Rightmove said asking prices on its website were down 1.0% on the previous month - a smaller fall than normal for August, when many buyers are away on holiday - while prices were 1.2% higher than a year earlier.

Sales rose fastest in northeast and eastern England, and the biggest fall in asking prices was in southeast England excluding London.


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