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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Barratt down as housing report shows price fall for first time this year

Shares in housebuilders have come under pressure after a survey showing the first monthly drop in prices since December.

The Rightmove report said the average asking price fell by 0.8% month on month in July, compared to a 0.3% increase a year ago. Buyers and sellers seemed to be reacting to the Bank of England's stricter lending rules for banks, which were designed to cool the market.

So Barratt Developments is down 5.8p at 357.8p, Persimmon is 16p lower at £12.59 and Crest Nicholson has dipped 7.2p to 332.3p.

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