August sees ‘much larger than usual price drop’ – Rightmove

'It’s unusual to see a price fall of this size in June,' says portal, as the property market's traditional Summer slowdown starts early.

'Buyers have plenty of choice and sellers are having to work harder to stand out and attract them,' says portal.

'Increased mortgage rates & stiff competition to find a buyer are limiting new seller asking price growth this spring,' says property portal.