LONDON (Reuters) -Asking prices for newly advertised British houses and apartments fell in the four weeks to mid-August but the drop was less notable than in the previous two months and sales in July were their highest for the time of year since 2020, a survey showed.

Property website Rightmove said on Monday prices for homes put on sale between July 13 and August 9 dropped by 1.3% from the previous four weeks, in line with the normal mid-summer fall in prices.

Asking prices had shown unusually big declines for the time of year in the previous two four-week periods.

In annual terms, prices were up by 0.3%, Rightmove said.

Colleen Babcock, Rightmove’s property expert, said sellers were competing more on price. The number of sales agreed in July was the highest for the month since 2020 w

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