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...

Higher mortgage rates bite as new seller asking prices drop

Asking prices fell slightly in the last month as mortgage rates begin to bite - but homes in London saw an unexpected rise, according to Rightmove.

£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.

Home sellers cut asking prices on 3,000 properties a day, says Rightmove

More property asking prices are being cut than at any time in 15 years, data shared with the BBC shows.

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.

Home sellers cut asking prices on 3,000 properties a day

Published Home sellers cut asking prices on more than 3,000 properties a day on average in Britain during September, according to figures from Rightmove shared exclusively with the BBC. The property website said the total was the highest of any month for 15 years and was driven, in part, by a glut…