This marks the second month in a row of higher than average declines, with the usual drop seen at this time of year being 0.8%, according to Rightmove.

UK house prices are predicted to rise next year at their highest rate in four year, despite a dip this month following the Autumn Statement. The average price tag on a home fell by more than

UK house prices climb to a new all-time high as mortgage rates fall - The average London price rose 3.5% to £543,308, the highest since November 2022 when it was £545,568.

Despite the fall in asking prices, property website Rightmove says market activity is still strong compared with the same time last year with the number of sales being agreed 26% higher than in that period in 2023.

The average price of a home fell by more than £5,000 in November, according to a property website.Across Britain, the typical asking price for a home coming onto the market is £366,592, down by 1.4 per cent or £5,

The fall represents a bigger drop than normal at this time of year, which Rightmove attributed to pre- and post- Budget jitters.