UK property asking prices show weakest October rise since 2008 - Rightmove [Reuters (UK)]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: Reuters
UK property asking prices show weakest October rise since 2008 - Rightmove - Reuters 2 Min Read LONDON(Reuters) - Asking prices for British houses put on sale in October showed the smallest seasonal increase since the financial crisis, as all but the most determined sellers waited for greater certainty over Brexit, industry figures showed on Monday. Rightmove said that the average asking price for homes sold via its website was 0.6% higher in October than in September, well below the average 1.6% rise seen for the time of year and the smallest increase since October 2008. “With upward pricing power now pretty flat, some sellers who are motivated by maximising their money seem to be holding back. They may be waiting for more certainty around both achieving their price aspirations and also the Brexit outcome,” Rightmove director Miles Shipside said. Average asking prices in October were 0.2% lower than in October 2018, compared with an annual rise of 0.2% in September. Britain’s housing
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