Rightmove reports average UK home price rises £3,575 in October

The property portal says the typical asking price reached £371,015 nationally and £673,942 in London, while mortgage‑rate pressure is affecting buyer budgets.

By Felo News Desk · Published Mon, 19 Oct 2026 00:06:24 GMT

Rightmove said the typical asking price for a home in the United Kingdom increased by £3,575 month‑on‑month in October, taking the national average to £371,015.

What happened

The platform reported a 1.0% rise, or £3,575, compared with September. The figure represents a 0.1% dip from the same month a year earlier. In London, the average asking price jumped 2.5% month‑on‑month to £673,942, though it remains 1.7% below the October 2025 level.

What the reports add

Standard and two Independent articles reproduced the same Rightmove data, confirming the national and London figures and noting that autumn typically sees stronger seasonal price growth.

Rightmove said the total number of homes for sale is at its highest level for this time of year since 2014.
New listings were 3% higher than a year ago.
Enquiries from potential buyers were 9% lower than a year ago.

What was said

“The rapid rise in mortgage rates is really beginning to hit buyers’ budgets. We’re now seeing mortgage rate rises feed through to seller pricing in many of the cheaper parts of Great Britain, where prices had been more resilient this year. It’s an early sign that higher mortgage costs are putting pressure on affordability even in markets with lower property prices, affecting the areas and types of property that buyers can afford. This is a stark reminder of how price sensitive the market is, and the message from agents, backed up by our data, remains the same – that competitive pricing from day one of marketing is critical to capitalise on initial buyer interest.”

— Colleen Babcock, property expert at Rightmove, quoted by Standard and Independent.

How it came about

Rightmove’s monthly market snapshot follows a relatively weak summer in London, during which new sellers reduced listings, allowing them to recoup some ground in the autumn. The portal highlighted the seasonal pattern of stronger price growth in the capital as buyers become more active in the autumn months.

Key facts

Average UK asking price rose to £371,015 in October, up £3,575 month‑on‑month (standard.co.uk)
London average asking price reached £673,942, up 2.5% month‑on‑month (standard.co.uk)
National average is 0.1% lower than a year earlier; London is 1.7% lower year‑on‑year (independent.co.uk)
Rightmove attributes price rise to higher mortgage rates affecting buyer budgets (standard.co.uk)