
According to the Economic report, in September, the average asking price of residential properties listed on Rightmove in the UK increased by 0.4% month-on-month, reversing the decline seen in the previous three months
The UK online real estate trading platform Rightmove announced that between August 10 and September 6, the average house price index in the UK for September fell by 0.1% year-on-year; however, it rose by 0.4% month-on-month, reversing the downward trend of the previous three months, although the increase was less than in previous Septembers.
Rightmove real estate expert Colleen Babcock stated that rumors about changes in property taxes have been circulating since mid-August, while the UK government will only announce the budget at the end of November. The prolonged uncertainty could affect residential transactions, especially for high-priced properties. The market generally expects that the UK will announce tax increases at the end of November, but it is unclear which categories the tax increases will primarily affect
