UK asking prices reach £371,015 in October 2026

New sellers are asking 1.0% more than in September but 0.1% less than a year ago, while buyer enquiries run 9% and agreed sales 8% below last year.

The facts

The average new seller asking price reached £371,015 in October, up £3,575 or 1.0% on September.
Asking prices are 0.1% lower than in October 2025.
London asking prices rose 2.5% on the month to £673,942, while the North East fell 2.0% to £195,977.
The average two-year fixed mortgage rate stood at 5.55%.
New potential buyers contacting agents were 9% below a year ago and agreed sales 8% below, while new listings came to market 3% higher.
Agents held an average of 65 properties each, including homes under offer or sold subject to contract.

Year on year the cost of getting in has not moved. Sellers want more this month, but there are fewer buyers to pay it.
Financing still sets the budget at 5.55% on a two-year fix. Glopra's United Kingdom data put the national average at $3,831 per square metre, against average private rent of $19.61 per square metre a month.
Fewer competing bidders change the negotiation: enquiries are down 9% and agreed sales down 8% while listings rose 3%, so asking prices are further from achieved prices than the headline suggests.
For anyone already holding a UK home, the same numbers describe a slower exit: more stock on the market and fewer buyers in it.

The next Office for National Statistics bulletin on private rents and house prices is published on 21 October and measures completed transactions, not asking prices.
These are asking prices taken from listings. Rightmove publishes no sample size, and no national October time-to-sell figure — the September national average was 67 days.
The 5.55% is a monthly average two-year fixed rate, not a quote for any individual borrower.

Sources: Rightmove https://www.rightmove.co.uk/news/house-price-index/