UK house prices fall 0.1% in first October decline for years amid autumn Budget fears | Personal Finance | Finance
The traditional autumn surge in UK house prices was more subdued this October, according to the latest figures from property website Rightmove. Average asking prices rose by just 0.3% (£1,165) last month, bringing the average price of a property to £371,422. This is well below the typical 1.1% increase seen in October over the past decade.Rightmove attributed the slower growth to a high number of properties on the market, which has limited sellers’ ability to push up prices. While October usually brings a rebound in activity following the quieter summer months, this year’s market failed to generate the momentum typically seen during the season. Despite the softer-than-usual price rise, the report noted that overall market activity so far this year has remained steady, though some areas ...