House prices 'will fall in August'

The estate agent’s ‘predictor’, based on the Land Registry Index, claims that average house prices will peak at £182,748 in July and will fall to £182,134 by the end of August. Your Move also predicts that month on month growth will fall to -0.34% and year on year growth will fall to 8.83%, down from 9.46% this month. Your Move also states that the percentage of asking price to agreed prices is expected to ease, from 92.7% in July, to 19.1% in August, giving buyers an advantage when negotiating a purchase. The estate agent’s actual agreed prices, which are typically reached 11 weeks befo...