- Average property asking prices in Britain increased by 1.0 per cent month-on-month in October to reach £371,015, remaining virtually flat compared to last year.
- London recorded a 2.5 per cent monthly rise in asking prices to £673,942 following a quiet summer, though values remain 1.7 per cent down year-on-year.
- Buyer enquiries to estate agents dropped by 9 per cent compared to 12 months ago, while property choice reached its highest autumn level since 2014.
- Experts warned that rapid increases in mortgage rates are squeezing affordability, making realistic initial pricing critical for property sellers.
- A separate Barclays survey revealed 24 per cent of UK homeowners are open to downsizing, but upfront costs such as stamp duty remain major obstacles.
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