UK Housing Market Favors Buyers as Property Prices Stall

Increased property listings and cautious buyers lead to subdued price growth, with market optimism expected in 2025.

Rightmove reports a 0.3% rise in average asking prices for October, below the usual 1.3% increase.
The number of homes for sale is at a decade high, giving buyers more negotiating power.
Sales activity has increased by 29% year-on-year, despite some buyers awaiting budget clarity.
The average five-year fixed mortgage rate is 4.61%, with potential further reductions anticipated.
Market experts predict a positive outlook for 2025, contingent on budget outcomes and interest rate cuts.