Prices to fall this year despite Burnham bounce

Asking prices are forecast to continue falling this year, despite the change in Prime Minister, Rightmove warns. Rightmove has downgraded its forecast for this year, suggesting that asking prices will see a drop of up to 2%. The property portal had previously suggested that asking prices would increase by that amount. Burnham bounce The forecast comes despite a ‘mini bounce’ of 5% following Andy Burnham’s arrival in Number 10. Rightmove said that the new Prime Minister had brought a ‘general boost to optimism’. Burnham has ruled out property tax changes in October’s Budget, meaning buyers have