The average price tag on a home has increased by less than usual for the month of October in what is currently a market favouring buyers, according to a property website. Across Britain, the average asking price for a property increased by 0.3% month-on-month, or £1,199, to reach £371,958 in October, Rightmove said.
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00:00Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post and
00:06here are your business headlines for this morning.
00:08The average price tag on a home has increased by less than usual in the month of October,
00:14according to a property website. Across Britain, the average asking price for a property increased
00:19by 0.3% month-on-month, or £1,199, to reach £3,071,958 in October, according to Rightmove.
00:32The website said this is a lower monthly increase in new seller asking prices than is typical
00:37at this time of year, with asking prices rising by 1.3% on average in October over the longer
00:44term.
00:46Rightmove said that with a greater choice of properties to consider, buyers are making
00:49use of their increased negotiating power, helping to keep price rises subdued.
00:53There's an update this morning which shows the average price tag on a home has increased
00:57by less than usual so far this month.
01:00My name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.