LONDON (Reuters) -Asking prices for British homes barely rose in what is usually a busy autumn sales period, according to a survey published on Monday that added to signs of uncertainty in the housing market ahead of finance minister Rachel Reeves\u2019 budget in November.<\/p>\n
Average asking prices rose by 0.3% in the four weeks to October 11, well below a long-run average of 1.1% for the time of year, property website Rightmove said.<\/p>\n
House prices in Britain typically pick in the autumn before a Christmas lull.<\/p>\n
Compared with a year earlier, asking prices were down by 0.1%.<\/p>\n
\u201cDespite the overall resilience of the 2025 housing market, we\u2019ve not got enough pent-up momentum or recent positive sentiment to spur the usual autumn bounce in property prices,\u201d Colleen Babcock, property expert at Rightmove, said.<\/p>\n
\u201cSpeculation that the budget may increase the cost of buying or owning a property at the higher end of the market has given some movers, particularly in the south of England, a reason to wait and see what\u2019s announced in the budget.\u201d<\/p>\n
Reeves is trying to chart a way between raising taxes and boosting growth in her annual budget on November 26.<\/p>\n
Rightmove said moving activity dipped in September compared with a year earlier, reflecting higher buyer sentiment in 2024 after the Bank of England began to cut interest rates and before the end of temporary stamp duty tax cuts in April.<\/p>\n
Other indicators have also shown a slowdown in house prices. Britain\u2019s biggest mortgage lender Halifax earlier this month reported a 1.3% annual increase in prices in September, the weakest rise since April 2024.<\/p>\n
(Reporting by Suban AbdullaEditing by William Schomberg)<\/p>\n","protected":false},"excerpt":{"rendered":"LONDON (Reuters) -Asking prices for British homes barely rose in what is usually a busy autumn sales period,…\n","protected":false},"author":2,"featured_media":85608,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[114,85,46,190],"class_list":["post-85607","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-il","tag-israel","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/85607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=85607"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/85607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/85608"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=85607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=85607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=85607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}