Mortgage costs as a percentage of income have fallen to 29% from 33%.
Related topic: House prices
The North East was the English region with the highest house price inflation.
This is the second month in a row that new seller pricing has fallen more than the norm.
The October 2024 RICS Residential Survey results 'signal an improving market backdrop', the organisation has said, with mostly positive indicators across its main measures of activity...
The estate agent expects London to start outperforming other regions for the first time since 2015.
A typical property now costs £293,999, surpassing the previous peak set in June 2022.
Markets in the North are expected to see the strongest acceleration in growth, by up to 29%.
Acadata produces both England & Wales and Scottish house price indices.
Annual growth saw a slowdown from the 3.2% pace recorded the previous month.
The OBR says market expectations for interest rates remain volatile and predicts further increases in mortgage rates.
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