UK asking prices for newly listed homes rose 1% in October, but remained 0.1% below a year earlier as higher mortgage rates squeezed buyers and sellers in more affordable areas began cutting prices. Agreed sales were 8% lower year over year, while the number of homes for sale reached its highest level for this time of year since 2014.

Finance· 12h

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Rightmove· Finance · 5 sources · 12hStory

UK asking prices rise 1% as mortgage rates strain buyers

Finance· 12h

Facts from Wikidata (CC0). Image by www.rightmove.co.uk via Wikimedia Commons (Public domain).

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About Rightmove

Rightmove plc is a British company which runs rightmove.co.uk and the rightmove app. It is the largest online real estate property portal in the United Kingdom. Rightmove is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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Website: https://www.rightmove.co.uk/

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