Average asking price of a UK home jumps £3,575 in October, Rightmove says
Summary
The average price tag on a home jumped by £3,575 in October, Rightmove said, the Evening Standard and The Independent reported on Monday 19 October. Despite the asking price increase, there are signs that higher mortgage rates are stretching home buyers' budgets, the website said, and The Independent reported Rightmove saying that the number of new potential buyers contacting agents about properties is 9 per cent lower than a year ago, as the market faces a mortgage squeeze.
Latest: The average asking price of a home jumped by £3,575 in October, Rightmove said, with signs that higher mortgage rates are stretching home buyers' budgets, the Evening Standard and The Independent reported, The Independent adding that the number of new potential buyers contacting agents is 9 per cent lower than a year ago.
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How it unfolded
Sunday 18 October
- 19:01Evening Standard£3,575 jump in the average price tag on a home in October – Rightmove
- 19:01The Independent£3,575 jump in the average price tag on a home in October – Rightmove
- 19:01The IndependentUK house prices jump by thousands in October as market faces mortgage squeeze