FTSE 250 movers: Property, housebuilders down on house price data

(Sharecast News) - FTSE 250 (MCX) 24,561.47 -0.09%

Property sector and related sectors were lower after the latest data from Lloyds showed that annual house prices fell in August for the first time since November 2023 as the market remained subdued.

Prices were down 0.2% on the month following a 0.1% drop in July. On the year, prices declined by 0.4% in August following 0.1% growth the month before. The average price of a home stood at £298,468, down from £299,153.

By contrast, price growth across much of southern England remained under pressure, reflecting the greater affordability challenge caused by higher average prices. The South East saw the largest decline, with prices down 1.6% year-on-year, followed by Greater London, where prices fell 1.5%.

Vistry and Great Portland Estates were both lower on the news.



FTSE 250 - Risers

Ceres Power Holdings (CWR) 411.00p 4.90% Aston Martin Lagonda Global Holdings (AML) 35.60p 4.22% B&M European Value Retail (BME) 234.80p 3.44% Spire Healthcare Group (SPI) 245.00p 2.94% JPMorgan Emerging Markets Dividend Income (JEMI) 218.00p 2.83% XP Power Ltd. (DI) (XPP) 1,860.00p 2.76% Gamma Communications (GAMA) 1,186.00p 2.60% RS Group (RS1) 763.00p 2.48% Baltic Classifieds Group (BCG) 2.53p 2.17% Drax Group (DRX) 812.00p 1.94%

FTSE 250 - Fallers

Hays (HAS) 66.35p -4.58% Michael Page (PAGE) 206.00p -4.54% Vistry Group (VTY) 277.80p -3.14% Rank Group (RNK) 100.00p -2.53% Oxford Nanopore Technologies (ONT) 157.60p -2.35% Globaldata (DATA) 72.10p -2.16% Caledonia Investments (CLDN) 386.50p -2.15% Great Portland Estates (GPE) 328.00p -2.09% Halfords Group (HFD) 258.50p -2.08% IP Group (IPO) 67.80p -2.02%