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UK asking prices fall 2% in August, sharpest since 2018

8/17/2026

44 7 Full Breakdown

Summary

Story summary

Rightmove reported UK asking prices fell 2% (£7,360) in August, the sharpest drop since 2018.
London’s average asking price fell 4.4% (£30,000).
Kensington & Chelsea prices dropped £95,000 to £1,552,970.
Landlords bought 14.1% of homes, paying 88.7% of asking price and making 56% of offers at least 10% below.
Average monthly rent rose 1.9% year-on-year to £1,401, the fastest increase in 19 months.

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Story summary

Rightmove reported UK asking prices fell 2% (£7,360) in August, the sharpest drop since 2018.
London’s average asking price fell 4.4% (£30,000).
Kensington & Chelsea prices dropped £95,000 to £1,552,970.
Landlords bought 14.1% of homes, paying 88.7% of asking price and making 56% of offers at least 10% below.
Average monthly rent rose 1.9% year-on-year to £1,401, the fastest increase in 19 months.