UK house prices rose 0.3% in October, below average, amid buyer caution before the budget announcement.
UK house prices rose only 0.3% in October, below the typical 1.3% increase, as buyer caution prevails ahead of the budget announcement on October 30. The number of homes for sale has surged, up 12% from last year, creating a competitive market. While buyer demand is showing signs of recovery, particularly for larger homes, many are delaying purchases in hopes of lower mortgage rates and clearer economic guidance.
October 20, 2024
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