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Macro

UK October Rightmove average asking price index rises 1% MoM, prior 0.7%

UK October Rightmove average house asking price index rose 1% month-on-month, accelerating from a 0.7% increase in the prior reading. The figure, published by property portal Rightmove, measures the change in average asking prices for homes listed on its platform across the UK.

Original source

AI take

The acceleration in Rightmove's asking-price index is a sentiment signal from the listing side of the UK housing market rather than a transaction gauge, since asking prices reflect seller expectations and can diverge from agreed sale prices. The pickup suggests sellers entered the autumn with firmer pricing conviction, a shift that matters for anyone tracking whether housing demand is holding up. Whether this momentum carries into subsequent readings, or proves a seasonal blip in listing behavior, is the open question.

Generated by AI for reference only.

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