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The Guardian - UK
The Guardian - UK
Business
Gwyn Topham

UK house prices rise in October despite economic turmoil

A 'For Sale' sign outside a residential property
First-time buyer demand was 21% lower in the last two weeks compared with 2021, but still significantly higher than in 2019. Photograph: Glyn Kirk/AFP/Getty Images

Asking prices for houses in the UK edged higher in October, although demand from first-time buyers has dropped as mortgage rates surge.

Despite the economic turmoil since the government’s mini-budget last month, there has been little immediate sign of the housing market slipping, according to Rightmove.

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