Rightmove: Autumn Budget pushed down asking prices

In October, Rightmove reported a larger than usual drop in average asking prices for houses, attributed to pre and post-Budget concerns about tax rises. Despite the 1.4% decrease in asking prices, values are still up 1.2% annually. The property market has seen fluctuations in buyer demand and sales agreed due to changes in mortgage rates, interest rate cuts, and stamp duty charges, with a prediction of a stronger 2025 in terms of prices and number of homes sold.

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