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.