Key Takeaway
Fierce competition in some areas of London means landlord purchasers are making successful lowball offersThe average price of a home coming up for sale in Britain’s richest borough has dropped by almost £100,000 in a month as fierce competition among sellers in many areas prompts some to slash their price expectations, data shows. The property website Rightmove said that for…
Published August 17, 2026 · Category: News
Overview
Fierce competition in some areas of London means landlord purchasers are making successful lowball offers
The average price of a home coming up for sale in Britain’s richest borough has dropped by almost £100,000 in a month as fierce competition among sellers in many areas prompts some to slash their price expectations, data shows.
Details
The property website Rightmove said that for Britain as a whole, average newly listed asking prices for homes had fallen by 2% over the past month, the largest August price drop in eight years.
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Source
Originally published at www.theguardian.com.
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What is "Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month" about?+
Fierce competition in some areas of London means landlord purchasers are making successful lowball offersThe average price of a home coming up for sale in Britain’s richest borough has dropped by almost £100,000 in a month as fierce competition among sellers in many areas prompts some to slash their price expectations, data shows.The property website Rightmove said that for Britain as a whole, average newly listed asking prices for homes had fallen by 2% over the past month, the largest August p
Who reported this story?+
This story was reported by The Guardian World.