LONDON, Nov 17 (Reuters) - Asking prices for British homes have fallen by more than usual for the time of year ahead of finance minister Rachel Reeves' budget next week, a survey published on Monday showed.

Average prices for homes put on the market fell by 1.8% in the four weeks to November 8 - the largest drop for the time of year since 2012 - leaving prices 0.5% below their level a year earlier, property website Rightmove said.

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The highest number of homes available on the market in a decade was also weighing on prices, Rightmove said.

Other gauges of Britain's housing market, such as monthly data from the Royal Institution of Chartered Surveyors, have also pointed to a loss of momentum in the run-up to the November 26 budget, which is expected to include tax rises.

($1 = 0.7594 pounds)

https://www.reuters.com/world/uk/asking-prices-uk-homes-fall-run-up-budget-rightmove-says-2025-11-17/