UK house price indicator has its biggest September m/m rise since 2016

Data via property
website Rightmove in the UK

September average asking prices for homes increased by
0.8%, double the average for the time of year in the series and the biggest for the month since 2016.

• -1.5 August

For the y/y +1.2%

• prior +0.8%

Rightmove cited the market getting a boost from a new government and
the first rate cut from the Bank of England since 2020.

• “still uncertainties ahead,
  including the timing of a second Bank Rate cut, and which
  segments of the market could be affected by announcements in
  October’s Autumn Statement”

This article was written by Eamonn Sheridan at www.forexlive.com.