UK Housing Market Showing Signs of Mortgage Rates Impact, Rightmove Says

UK housing market showing signs of mortgage rates impact, Rightmove says

LONDON, Oct 19 (Reuters) - Asking prices for British homes rose in October but there were signs that rising mortgage rates caused by the war in ​Iran were starting to weigh on affordability ‌and more resilient parts of the market, property website Righ...

£3,575 jump in the average price tag on a home in October – Rightmove

Despite the asking price increase in October, there are signs that higher mortgage rates are stretching home buyers’ budgets, the website said.

Asking prices up 1% as higher mortgage rates squeeze buyers – Rightmove

The average price of newly listed homes rose by 1.0% (£3,575) to £371,015 in October, according to data from Rightmove.