Olympics are blamed for house-price fall
property: House prices have fallen for the third month in a row, including in Yorkshire and Humberside.
The news follows a poor summer for the property market, as buyers stayed home to watch the Olympics, according to research.
The region saw prices fall by 0.5 per cent to an average of £152,788. Nationally, house prices fell for the third month in a row.
The average asking price for a property fell 0.6 per cent between August and September to £234,858 in England and Wales, said Rightmove.
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The fall follows declines in July and August, when prices fell 1.7 per cent and 2.4 per cent month-on- month, respectively.
Rightmove's latest house-price index showed properties coming to market are now £11,000 cheaper than they were three months ago.
Miles Shipside, housing market analyst at Rightmove, said: "Summer sellers have had some very stiff competition, not only from competing sellers chopping their prices, but also from the Olympics, which have been more compelling for many than viewing property."
Prices rose marginally year-on- year in September, up 0.7 per cent but are almost unchanged compared with five years ago.