The demand for homes fell 15% year-on-year, as home movers put plans on hold due to the market uncertainty following the mini-budget, according to Rightmove.

The property website’s October index shows demand fell 15% in the last fortnight compared to the same period last year, although it was still 20% higher than in 2019, pre-pandemic. Demand among first-time buyers fell 21%.

Average house prices rose 0.9%, slower than the five year average in October of 1.2%.