UK house price indicator has its biggest September m/m rise since 2016 ...Middle East

Data via property website Rightmove in the UK September average asking prices for homes increased by 0.8%, double the average for the time of year in the series and the biggest for the month since 2016.-1.5 AugustFor the y/y +1.2%prior +0.8%Rightmove cited the market getting a boost from a new government and the first rate cut from the Bank of England since 2020. "still uncertainties ahead, including the timing of a second Bank Rate cut, and which segments of the market could be affected by announcements in October's Autumn Statement" This article was written by Eamonn Sheridan at www.forexlive.com.

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