UK house asking prices rebound with strongest growth since May

Promising sector: A man jogs past a row of residential units in south London. Housing has remained a bright spot in the economy, growing despite the recession that came with Covid-19 lockdowns. — Reuters

LONDON: UK home sellers boosted the prices they’re asking for their properties at the strongest pace in four months, indicating the market so far is shaking off the impact of a cost-of-living crisis and higher borrowing costs.

The property listing website Rightmove said prices rose 0.7% this month after a 1.3% drop in August.