London, United Kingdom. British home asking prices rose more than usual for May, despite uncertainty about the Iran war, Rightmove said. The property website also noted that a key mortgage rate eased back.
Prices rise above typical May increase
Rightmove said asking prices rose 1.2% month-on-month, compared with the 1.0% increase usually seen in May. Prices rose 0.8% in April from March.
Market activity steady amid pressures
“What’s notable this month is that activity in the market is staying fairly steady, even with ongoing cost-of-living pressures and wider global uncertainty,” said Colleen Babcock, property expert at Rightmove.
How do you think easing mortgage rates could affect home asking prices in the coming months?