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Evening Standard
Evening Standard
Business
Mark Banham

Property prices increase despite Government mini-budget fallout

Rightmove Tim Bannister

Reduction in house prices has not picked up speed

(Picture: Daniel Lynch)

The average price of a property coming to market has increased by 0.9% in October up £3,398 to a record £371,158, as shortages of property for sale continued to underpin prices.

According to property website Rightmove given the market uncertainty that followed the Government’s mini-budget at the end of last month, a new asking price record may “seem surprising”, but “it will take time for any impact to filter through to house prices”.

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