UK house prices jump £3,575 in October
The average price tag on a home jumped by more than £3,500 month-on-month in October, but the market is still price sensitive, with prices “virtually flat” compared with a year earlier, according to a property website. Across Britain, the typical asking price for a home coming on the market is 1.0% or £3,575 higher month-on-month, Rightmove said. This took the average asking price to £371,015, which is 0.1% lower than a year ago. In London, the average asking price jumped by 2.5% month-on-month to reach £673,942.