UK asking prices on Rightmove fell 1% from a year earlier in August, a steeper decline than July's 0.4% drop, signaling a housing market that continues to cool under the weight of high mortgage costs and pressure on household finances. The monthly reading also showed softness, although prices remain within the range seen over the past year and well above pre-pandemic levels. The figures suggest sellers are becoming more willing to trim expectations to attract buyers, while purchasers gain a modest negotiating advantage after several years of seller-friendly conditions. Rightmove's measure tracks asking prices rather than completed sales, but the trend is broadly consistent with other indicators, including mortgage approvals and lenders' house price reports, that have pointed to weaker demand.