Asking prices for property being put on sale in Britain over the past month rose less than normal for the time of year, figures from property website Rightmove showed on Monday, adding to signs of more subdued momentum in the property market.
Rightmove said that average asking prices were up by 0.2% over the month, less than the average 1.2% gain seen at this time of year. Compared with a year earlier, asking prices were 1.7% higher, down from a 3.0% annual increase a month earlier.
After an initial slump at the start of the COVID-19 pandemic, house prices surged in Britain and many other Western countries - bolstered by rock-bottom interest rates, a desire for more living space during lockdown and, in Britain's case, tax incentives for house purchases.
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