Rightmove House Price Index (May)

May 16, 2016

The latest Rightmove House Price Index report headlines buy-to-let feast leaves higher prices for first time buyers.

 
Modest May rise of 0.4% (+£1,118) in price of property coming to market in the last month masks nasty spring surprise for first-time buyers.

An 80% uplift in March transaction numbers has left behind a property drought and price surge: 6.2% (+£11,298) monthly jump in price of typical first-time buyer properties.
Strong demand continues in this sector despite withdrawal of many investors following introduction of higher stamp duty taxes, yet new-to-the-market supply is down 1.5% year- on-year

First-time buyer regional hotspots led by Croydon, Dartford and Luton, all with annual surges of over 18%.

To read the Rightmove House Price Index report in full for May click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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