Budget Nerves Mute UK’s Usual Autumn Rise in Home Asking Prices
- Rightmove says average asking price rises 0.3% in October
- Muted growth is sign of budget hitting consumer sentiment
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Buyer “jitters” ahead of Chancellor of the Exchequer Rachel Reeves’ first budget this month are muting a typical autumn bounce in house prices, according to property website Rightmove.
The average asking price for a UK home rose 0.3% month-on-month to £371,958 in October, Rightmove said Monday, a smaller increase than expected at a time of year when the market typically picks up.