Housing market chills further

Rightmove's latest monthly survey finds house prices remain 13.4% higher year-on-year, down from a rate of 16.4% just one month ago. Despite that annualised fall, asking prices actually increased by 0.6% between September 12th to October 9th, against a 2% drop two months previously. House prices in Greater London increased by 1.6% over the past month, from an average price of £276,664 in September to £281,064 in October. The regions recorded an fall in the average annualised rate of house price inflation to 6.9% from 10%. East Anglia saw prices drop 2.2% over the month, with the ...