Homes available for sale in the UK have reached their highest level for this time of year since 2014, according to Rightmove, limiting price growth as sellers face elevated mortgage rates. Average asking prices for new listings were broadly flat at £371,015, up 1% month on month but down 0.1% year on year. Northern regions saw the biggest monthly falls, while London rose 2.5% after a 6.0% decline over the summer. The average two-year fixed mortgage rate rose from 5.29% to 5.55%, sales agreed fell 8% and new buyer enquiries fell 9% year on year, and some buyers may be waiting for details of the Your First Home scheme.
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Related tickers and likely impact
GBP/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.33306 |
| Change that session | +0.41% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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