The Rightmove House Price Index is a gauge of asking prices for UK homes.
It picked up in September to +0.4% m/m
- prior -1.9%
for the y/y -0.4%
- prior -0.1%
Comments from the report for the month in summary:
- BoE’s 14 consecutive interest rate rises
contributed to unusually slow activity in August - expects a bounce in activity in the autumn as
market conditions improve - the number of home sales was down 7% compared
with 2019, before the pandemic - there were signs activity was starting to
pick up, as the number of homes on the market rose 12% in the
first week of September compared with the unusually low weekly
average in August
GBP/USD update, not a lot changed on the data:
Source: https://www.forexlive.com/news/uk-data-rightmove-house-price-index-04-mm-prior-19-20230917/
