Asking prices climb to another record high, but the property market appears to be slowing

"There are likely to be some month-on-month price falls during the second half of the year," says Rightmove.

Property portal predicts house price growth will slow to 5% by the end of this year, but buyer demand remains high in the face of rising interest rates and costs of living.

“Property’s reputation as an inflation-hedge gives it extra appeal, while the prospect of rising borrowing costs is injecting a degree of urgency into the market across all price points,” says Rory…