US EditionUK housing market loses momentum ahead of budget, Rightmove says
Average asking prices rose 0.3%, below the 10-year October average of 1.1%, reflecting buyer caution and increased property supply ahead of the November budget.
- Monday's survey showed average asking prices rose 0.3% in the four weeks to October 11, signalling weak autumn gains before Finance Minister Rachel Reeves' November budget.
- Property supply surged to a ten-year high in recent months, while some British movers are cautious ahead of next month's Budget on November 26, affecting market activity, Rightmove said.
- Data show year-on-year asking prices dipped 0.1%, with the national average at 371,422, while Halifax reported a 1.3% rise in September, the weakest since April 2024.
- The market faltered in October as prices softened ahead of the Budget, yet year-to-date market indicators showed more resilience for policymakers and participants.
- Colleen Babcock, property expert at Rightmove, said `Despite the overall resilience of the 2025 housing market, we've not got enough pent-up momentum or recent positive sentiment to spur the autumn bounce in property prices` and noted new buyers and sellers were both down 5% in September.
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8 Articles
UK housing market loses momentum ahead of budget, Rightmove says
Asking prices for British homes barely rose in what is usually a busy autumn sales period, according to a survey published on Monday that added to signs of uncertainty in the housing market ahead of finance minister Rachel Reeves' budget in November.
Average house price increases by 0.3% in October: Rightmove
The average price of property coming to the market for sale went up by 0.3% in October to £371,422, Rightmove’s latest house price index reveals. The latest data shows that this is below the 10-year average October bounce of 1.1%, as the decade-high level of…The post Average house price increases by 0.3% in October: Rightmove appeared first on Mortgage Strategy.
Uncertainty triggers September dip in demand, but annual figures still ahead - Rightmove
Uncertainty triggers September dip in demand, but annual figures still ahead - Rightmove: Rightmove’s September House Price Index paints a mixed picture of the housing market, with a drop in demand compared to the same month a year ago, but an o
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