Housing Prices Drop as Rentals Rise | UK News

Housing prices just took a major hit—down over seven grand on average, the biggest August drop in six years—with experts now predicting a slight dip next year instead of the expected rise. Why? More homes for sale than in a decade, combined with summer buyer slowdowns, are forcing sellers to lower their asking prices—and some are even negotiating down their next home’s price to make up for it. While buying activity remains sluggish, demand is inching up, but uncertainty around mortgages, global events, and government budgets keeps things tense. London’s market is especially feeling the squeeze. Meanwhile, rents are surging—the fastest pace in over 18 months—as cash-rich landlords snap up properties at lower prices, pushing rental costs higher. So if you’re buying, you’ve got more room to haggle. If you’re renting? Brace yourself for steep hikes. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4f2417e84626d4a4