UK house prices fall AGAIN ahead of Bank of England base rate decision plus predictions for 2025 revealed
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HOUSE prices have fallen for the second month in a row ahead of a key Bank of England decision this week. The average price tag on a home fell by £6,395 in December, according to the latest figures from Rightmove, published today. Across the UK, the typical asking price for a property coming onto the market was £360,197, the property website said.
![[House prices fell in December according to the latest data from Rightmove]](https://www.thesun.co.uk/wp-content/uploads/2024/12/2023-london-united-kingdom-housing-868718987.jpg?strip=all&w=960)
That is 1.7% lower than in November, when house prices dropped by more than £5,000, down 1.4% on October. Rightmove publishes monthly house price data based on asking prices from the property listings on its website, though homes could still sell for more or less than the advertised price tags.
The property website said prices had fallen in line with the usual December lull, as potential movers wait for later in the month to put in offers. However, it said that despite this, the number of sales being agreed in December was up year-on-year, rising by 22%.
Rightmove said all indications were that there would be a "busy Boxing Day bounce" in home-mover activity as buyers and sellers flood onto its website after Christmas. Tim Bannister, director of Property Science at Rightmove, said: "New sellers in December have to work particularly hard to capture the attention of Xmas-party and festivity-distracted buyers, and the 1.7% average monthly fall is a fitting gift for those who are still buying homes rather than presents.
