UK Asking Prices Rise More Than Usual as Rates Ease
Rightmove reports that UK asking prices rose 1.2% in May, exceeding the seasonal norms despite global tensions. Average mortgage rates also fell to 5.18%.
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Asking prices for homes in the United Kingdom rose 1.2% in May, outstripping the seasonal norm of 1.0%. The monthly gain follows a 0.8% increase in April as buyer activity remains steady. Resilient demand and easing mortgage rates are supporting the market floor despite geopolitical and inflationary pressures.
