Rightmove reaction to lack of housing discussion in first live TV debate
June 5, 2024
In response to the extremely limited housing policy discussion in last night’s TV debate, Rightmove’s property expert Tim Bannister said:
“At a time when house prices and rents are at record highs, it’s really disappointing to see that housing barely got a look in during last night’s debate. People need to hear much more about what long term solutions there could be to help more people to move, especially renters who weren’t mentioned at all.
We hope to see housing get much more attention over the coming weeks. There are many complex issues affecting different groups of people that need to be discussed.”
Rightmove stats
- The undersupply of housing in the UK has contributed to ever-increasing house prices and rents, with national average asking prices of homes now 22% higher than five years ago, at £375,131, and national advertised rents up by 40%, at £1,479 per calendar month
- Over the past five years the gap between supply and demand has widened. Demand is measured by looking at the number of people sending enquiries about homes for sale or to rent on Rightmove. Since April 2019, buyer demand has risen by 15%, while supply has decreased by 6%. In the rental market, demand has increased by 32%, with supply reducing by 38%
You May Also Enjoy
London rents up just 0.7% since RRA became law
The latest research from London lettings and estate agent, Benham and Reeves, has revealed that rental growth across London has remained consistent since the Renters’ Rights Act received Royal Assent, with rents increasing by just 0.7% since, the same rate of growth seen during the equivalent period prior to October of last year. In fact,…
Read More 
Will RRA mean almost 50% of renters need a guarantor?
A surge in tenants who require a rent guarantor is coming to the post-RRA rental market New analysis by Zero Deposit reveals that the proportion of local authority districts in which the average tenant is likely to need a rent guarantor to secure pass tenancy affordability checks could increase from one-in-five to almost one-in-two…
Read More 
Nationwide House Price Index for May 2026 – Thoughts from the Industry
The latest Nationwide House Price Index for May 2026 shows that: House prices fell by -0.6% between April 2026 and May 2026. This marks the first monthly decline recorded so far this year. Annual house price growth slowed to 1.7% in May 2026, down from 3.0% in April 2026. The average UK house price now…
Read More 
Annual house price growth slows in May
UK annual house price growth slowed to 1.7% in May, from 3.0% in April House prices were down 0.6% month on month Headlines May-26 Apr-26 Monthly Index* 551.0 554.3 Monthly Change* -0.6% 0.4% Annual Change 1.7% 3.0% Average Price (not seasonally adjusted) £278,024 £278,880 * Seasonally adjusted figure (note that monthly % changes are…
Read More 
Signs of Outdated Wiring in Older Tulsa-Area Homes
Tulsa has a lot of beautiful older homes. Brookside bungalows, Maple Ridge tudors, the postwar neighborhoods that fill out Midtown and East Tulsa. They were built well, but most were built before central air, before microwaves, before two-car households with two laptops and a dozen phone chargers. The electrical systems inside them were designed for…
Read More 
Britain’s seaside price hotspots revealed
New analysis from the UK’s largest property platform Rightmove reveals Britain’s seaside hotspots where prices are rising the fastest Bootle in Merseyside leads the way, with average asking prices up 11% year-on-year, followed by Crosby in Liverpool (+9%) and Penarth in South Glamorgan (+9%) Other coastal locations including Llantwit Major in South Glamorgan (+8%) and Llanelli, in Carmarthenshire (+7%) are also seeing strong price growth Average asking prices are currently 0.3% lower in Great Britain compared to last year, with some seaside hotspots outpacing the…
Read More