Latest news with #pricefall
Yahoo
20-07-2025
- Business
- Yahoo
Biggest July dip in average asking price for a home ‘in at least 20 years'
The average price tag on a home coming to market fell by more than £4,500 this month, the biggest July price drop recorded in at least two decades, according to a property website. Across Britain, the average asking price in July is £373,709, marking a £4,531 or 1.2% decrease month-on-month, Rightmove said. While there is often a seasonal dip in prices in July, this is the largest monthly price drop at this time of year recorded by Rightmove over more than 20 years of data, the website said. Rightmove has also cut its house price forecast for 2025 from 4% growth to 2%. A high level of seller competition is limiting price growth, it said. But it is retaining its prediction of 1.15 million transactions this year. London, and particularly inner London, has been a driver of asking price falls among new sellers, Rightmove said. Price tags across London have fallen by 1.5% month-on-month, rising to 2.1% average price falls in inner London. April's increase in stamp duty has had a particular impact in London where property prices are higher, the website added. By contrast, the north east of England has seen a 1.2% increase in prices month-on-month, continuing a trend of less expensive areas seeing faster price growth, Rightmove said. Summer sellers typically need to work harder to capture distracted buyers' attention. Tempting pricing from new sellers is helping to improve buyer affordability, enticing new buyers into making inquiries, the report said. It added that with mortgage rates falling and two more Bank of England base rate cuts still expected in 2025, the overall outlook for the second half of the year remains positive. Many lenders have recently made changes to their criteria, allowing some borrowers to potentially take out bigger loans. Rightmove's mortgage tracker indicates that the average two-year fixed mortgage rate is 4.53%, compared with 5.34% a year earlier. Colleen Babcock, a property expert at Rightmove, said: 'We're seeing an interesting dynamic between pricing and activity levels right now. 'The healthy and improving level of property sales being agreed shows us that there are motivated buyers out there who are willing to finalise a deal for the right property. 'What's most important to remember in this market is that the price is key to selling. 'The decade-high level of buyer choice means that discerning buyers can quickly spot when a home looks overpriced compared to the many others that may be available in their area. 'It appears that more new sellers are conscious of this and are responding to this high-supply market with stand-out pricing to entice buyers and get their home sold.' Ms Babcock added: 'Crucially, buyer affordability is heading in the right direction, and another two (Bank of England base rate) cuts before 2026 would be a big boost to this.' Phillip Bishop, managing director at Perry Bishop in Cirencester, Gloucestershire, said: 'We're seeing significantly higher stock levels than a year ago but mitigated in part by a good increase in buyer registrations and viewing levels compared with last year. 'Buyers are taking their time and viewing more before deciding, and the serious and motivated sellers are pricing sensibly and getting success.' He added: 'Rarely available properties are still receiving mass interest and multiple offers. 'The Cotswolds summer market can slow over the holidays, but we expect a second wave of serious buyer activity in the autumn, with serious motivated buyers wanting to agree their purchase.' Rightmove's report was released as property firm Hamptons downgraded its 2025 rental growth forecast from 4.5% to 1.0% across Britain. It said this reflected a faster-than-expected market slowdown. It said the primary driver behind this cooling rental market has been the transfer of demand from the rental sector to the sales market. As mortgage rates have fallen, homeownership has become more accessible, leading to strong first-time buyer activity, Hamptons said. Hamptons said that rents on newly let properties rose by 0.4% year-on-year across Britain in June, reaching £1,369 per month – the weakest growth since August 2020. Aneisha Beveridge, head of research at Hamptons, said: 'The rental market has softened more quickly than we anticipated towards the end of last year. 'What initially appeared to be a London-centric slowdown has now spread across the country, with rents declining in multiple regions and growth easing elsewhere. 'A combination of falling mortgage rates and a weaker labour market has shifted the dynamics – more affluent renters are becoming first-time buyers, while the economic slowdown is limiting what others can afford. 'That said, this isn't the end of the rental growth story.' She said that a shortage of rental homes 'remains unresolved' and regulatory changes are likely to add to landlords' costs, constraining supply. Hamptons' lettings index uses data from the Connells Group to track changes to the cost of renting. It is based on achieved rather than advertised rents. Nathan Emerson, chief executive of property professionals body Propertymark, said: 'We have seen encouraging signs from (Chancellor) Rachel Reeves's Leeds Reforms which are designed to potentially better help lenders serve those on lower incomes. 'However, such reforms alone will not help keep house prices manageable without the UK Government and the devolved administrations meeting their individual housing targets to keep pace with real world demand.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
20-07-2025
- Business
- The Independent
Biggest July dip in average asking price for a home ‘in at least 20 years'
The average price tag on a home coming to market fell by more than £4,500 this month, the biggest July price drop recorded in at least two decades, according to a property website. Across Britain, the average asking price in July is £373,709, marking a £4,531 or 1.2% decrease month-on-month, Rightmove said. While there is often a seasonal dip in prices in July, this is the largest monthly price drop at this time of year recorded by Rightmove over more than 20 years of data, the website said. Rightmove has also cut its house price forecast for 2025 from 4% growth to 2%. A high level of seller competition is limiting price growth, it said. But it is retaining its prediction of 1.15 million transactions this year. London, and particularly inner London, has been a driver of asking price falls among new sellers, Rightmove said. Price tags across London have fallen by 1.5% month-on-month, rising to 2.1% average price falls in inner London. April's increase in stamp duty has had a particular impact in London where property prices are higher, the website added. By contrast, the north east of England has seen a 1.2% increase in prices month-on-month, continuing a trend of less expensive areas seeing faster price growth, Rightmove said. Summer sellers typically need to work harder to capture distracted buyers' attention. Tempting pricing from new sellers is helping to improve buyer affordability, enticing new buyers into making inquiries, the report said. It added that with mortgage rates falling and two more Bank of England base rate cuts still expected in 2025, the overall outlook for the second half of the year remains positive. Many lenders have recently made changes to their criteria, allowing some borrowers to potentially take out bigger loans. Rightmove's mortgage tracker indicates that the average two-year fixed mortgage rate is 4.53%, compared with 5.34% a year earlier. Colleen Babcock, a property expert at Rightmove, said: 'We're seeing an interesting dynamic between pricing and activity levels right now. 'The healthy and improving level of property sales being agreed shows us that there are motivated buyers out there who are willing to finalise a deal for the right property. 'What's most important to remember in this market is that the price is key to selling. 'The decade-high level of buyer choice means that discerning buyers can quickly spot when a home looks overpriced compared to the many others that may be available in their area. 'It appears that more new sellers are conscious of this and are responding to this high-supply market with stand-out pricing to entice buyers and get their home sold.' Ms Babcock added: 'Crucially, buyer affordability is heading in the right direction, and another two (Bank of England base rate) cuts before 2026 would be a big boost to this.' Phillip Bishop, managing director at Perry Bishop in Cirencester, Gloucestershire, said: 'We're seeing significantly higher stock levels than a year ago but mitigated in part by a good increase in buyer registrations and viewing levels compared with last year. 'Buyers are taking their time and viewing more before deciding, and the serious and motivated sellers are pricing sensibly and getting success.' He added: 'Rarely available properties are still receiving mass interest and multiple offers. 'The Cotswolds summer market can slow over the holidays, but we expect a second wave of serious buyer activity in the autumn, with serious motivated buyers wanting to agree their purchase.' Rightmove's report was released as property firm Hamptons downgraded its 2025 rental growth forecast from 4.5% to 1.0% across Britain. It said this reflected a faster-than-expected market slowdown. It said the primary driver behind this cooling rental market has been the transfer of demand from the rental sector to the sales market. As mortgage rates have fallen, homeownership has become more accessible, leading to strong first-time buyer activity, Hamptons said. Hamptons said that rents on newly let properties rose by 0.4% year-on-year across Britain in June, reaching £1,369 per month – the weakest growth since August 2020. Aneisha Beveridge, head of research at Hamptons, said: 'The rental market has softened more quickly than we anticipated towards the end of last year. 'What initially appeared to be a London-centric slowdown has now spread across the country, with rents declining in multiple regions and growth easing elsewhere. 'A combination of falling mortgage rates and a weaker labour market has shifted the dynamics – more affluent renters are becoming first-time buyers, while the economic slowdown is limiting what others can afford. 'That said, this isn't the end of the rental growth story.' She said that a shortage of rental homes 'remains unresolved' and regulatory changes are likely to add to landlords' costs, constraining supply. Hamptons' lettings index uses data from the Connells Group to track changes to the cost of renting. It is based on achieved rather than advertised rents. Nathan Emerson, chief executive of property professionals body Propertymark, said: 'We have seen encouraging signs from (Chancellor) Rachel Reeves's Leeds Reforms which are designed to potentially better help lenders serve those on lower incomes. 'However, such reforms alone will not help keep house prices manageable without the UK Government and the devolved administrations meeting their individual housing targets to keep pace with real world demand.'
NHK
08-07-2025
- Business
- NHK
Japan supermarket rice prices drop to 5-month low
The price of rice at supermarkets in Japan has fallen for a sixth straight week to a five-month low due to increased sales of cheaper grain from government stockpiles. The agriculture ministry on Monday released its weekly survey of about 1,000 supermarkets nationwide for the period through June 29. The average price of a 5-kilogram bag declined more than 3 percent from the previous week to 3,672 yen including tax, or about 25 dollars. But that is still about 63 percent higher than a year earlier. The price of blended rice and other types including grain from government stockpiles fell 4 percent.
Forbes
01-07-2025
- Business
- Forbes
5 Dow Jones Industrial Stocks Declining In Price, Not Rallying
Dow Jones Industrial Average The Dow Jones Industrial Average has not yet joined the 'new highs' crowd. Although the S&P 500 and the Nasdaq 100 achieved it last week, the 30 equities known as 'Dow Industrials' failed to get there. One reason is that these five stocks – all DJIA components – have been dropping in price, not rising. Each one has an individual story but it's probably worth noting that 16.67% of the big index is pulling down the overall average. It's enough of a weight that the other stock market indexes have pulled ahead and left the Industrials behind. Inflationary expectations and lack of an interest rate cut may be hitting harder for these 5. 5 Dow Jones Industrial Stocks In Price Drops Apple Apple daily price chart, 6 30 2025. The price hit $260 in late December 2024 and that's been the peak. By early April, the stock had tanked to just below $170. A rally took it up to the $215 level but buyers seem reluctant to move Apple higher than that. The 50-day moving average crossed below the 200-day moving average in early April. The stock closed above the 50-day on the last day of June. Salesforce daily price chart 6 30 25. The software application company peaked in early December 2024 at just above $365. Selling took it down for a few weeks and then the stock hit the $365 mark again, briefly. The sell-off into early April took the price down to $230 before buyers showed up. The 50-day moving average crossed below the 200-day moving average in mid-April. Home Depot Home Depot daily price chart 6 30 25. The price reached above $430 in late November 2024 and in early December 2024 but it's been down since then. It rallied off of the early April low and briefly popped above the 200-day moving average in mid-May, hitting just above $385. The 50-day moving average appears to trending upward and Home Depot closed above it on the last three days of June. Merck Merck daily price chart, 6 30 25. The stock of the pharmaceutical company is not helping the Dow Jones Industrial Average at all. Take a look at the relentlessness in downward direction of the 200-day moving average. The price has traded below it for the entire period shown on this chart. Merck in June has managed to move above the 50-day moving average for most of the month but refuses to take off above the late April high. Unitedhealth Group Unitedhealth Group daily price chart, 6 30 25. This huge health insurance company with a market cap of $283 billion is the one component pulling down the Dow the most. The stock traded at just under $620 in November 2024 and now goes for $311. That's practically a 50% slide. The 50-day moving average crossed below the 200-day moving average in late January 2025 providing a warning of sorts. Stats courtesy of Charts courtesy of No artificial intelligence was used in the writing of this post. More analysis and commentary at
NHK
16-06-2025
- Business
- NHK
Rice prices down for 3rd week in Japan
The price of rice at supermarkets across Japan fell for the third straight week. But the minister in charge says that is not enough. The agriculture ministry said on Monday that the average price of a 5-kilogram bag was 4,176 yen, or about 29 dollars, for the week through June 8th. That's down 1.1 percent from the previous week. The survey covers about 1,000 supermarkets nationwide. The price of single brand varieties from a single origin was up 0.3 percent. Prices for blended rice and other types, which tend to be cheaper, fell 1.6 percent. Agriculture Minister Koizumi Shinjiro says: "The market has entered a downtrend. Although the prices have fallen three weeks in a row, the decline of 109 yen over that time is not fast enough. I will continue to consider as many steps as possible, and take action."
