UK House Prices on a Roller Coaster
Rightmove claim that house prices have fallen for the first time this year
It said the average price of property coming to market in August was down 0.3%, a drop of £1,076 to £337,371.
This was prompted by the ending of the stamp duty holiday and a subsequent fall in demand for bigger homes.
However, properties aimed at first-time buyers and second-steppers are still seeing high demand, leading to new record high average prices in those sectors, he added.
Rightmove figures show an 0.8% drop in the four-bedroom-plus sector, but new record price highs in the two bedroom sector, up by 0.6%, and three to four bedroom second-stepper-type properties, up by 0.3%.
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