House price growth lower than average in October, says Rightmove

The average price of a property has risen by 0.3% from September to October 2025, according to Rightmove’s latest House Price Index (HPI). 

This growth to £371,422 is below the ten-year average “October bounce” of 1.1%, which the property website said could be a result of the decade-high level of property for sale limiting seller pricing power.

Colleen Babcock, property expert at Rightmove, said: “Despite the overall resilience of the 2025 housing market, we’ve not got enough pent-up momentum or recent positive sentiment to spur the usual autumn bounce in property prices.

“In addition, speculation that the Budget may increase the cost of buying or owning a property at the higher end of the market, has given some movers, particularly in the south of England, a reason to wait and see what’s announced in the Budget.”

Average asking prices are also 0.1% lower than this time last year as falls in London and the South of England have brought the national average down. However, Scotland, Wales and the rest of England have seen annual asking price rises of at least 1%.

Rightmove reported that the higher stamp duty rates that came into effect in England at the start of April continue to impact the more expensive southern regions, where home-movers are more likely to face increased costs.

These regions have also seen a greater increase in the number of available homes for sale compared to last year, meaning that sellers need to be even more competitive with asking prices.

Meanwhile, the number of sales being agreed in the year to date is up by 5% compared to the same period in 2024, while the number of new sellers coming to market has seen a 5% rise.

Babcock added: “It’s encouraging that housing continues to be a political priority with some radical changes being suggested. We’re all for policies which would speed up the home buying and selling process and make it easier for all involved.”

Rightmove has repeated its call for the complete abolition of stamp duty to remove “one of the biggest barriers to movement” ahead of the November budget announcement.