Overview

• Average asking prices rose 0.3% in the four weeks to Oct. 11, well below the typical 1.1% October uplift, leaving prices roughly 0.1% lower year on year.
• Rightmove says new buyer enquiries and new seller listings both fell 5% in September versus a year earlier, while Halifax reported a 1.3% annual price rise in September, the weakest since April 2024.
• London and the south dragged the national average lower, with London asking prices down 1.4% annually.
• A high level of stock is giving buyers more choice, which Rightmove says is limiting sellers’ pricing power.
• Speculation ahead of the Nov. 26 budget includes explored options such as a levy on sales over £500,000 and limiting CGT relief on main homes above £1.5m, as the Treasury highlights plans to boost housebuilding and balance revenue with growth.