Top Movers

Asking prices for UK homes rise by less than average amount in October

By Alexander Bueso

Date: Monday 21 Oct 2019

Asking prices for UK homes rise by less than average amount in October

(Sharecast News) - UK house prices registered their smallest October bounce since a decade ago despite a large decline in the number of sellers due to sluggish prices and the imminent Brexit deadline, the results of a closely followed survey revealed.
According to home price comparison website Rightmove, asking prices for homes in the UK increased at a month-on-month pace of 0.6% or by £1,942 in October.

Over the past 10 years, on average asking prices had registered a bounce of 1.6% in October.

The number of sellers coming to market meanwhile fell at a 13.5% year-on-year pace, to reach their lowest level since October 2009, despite which the number of agreed sales was little changed, falling by just 0.5% versus a year ago.

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page