Posts by Rightmove
Annual price fall driven by south, which could be harder hit by rumoured property taxes
The average price of property coming to the market for sale rises by 0.4% (+£1,517) this month to £370,257. However, average new seller asking prices are now 0.1% below this time last year following several months of muted price growth The dip in annual prices is driven by London and the south, as the south…
Read MoreLondon’s most in-demand areas lie outside the banana zone
As the viral ‘London banana’ map continues to stir debate over the capital’s most desirable areas, new data from Rightmove reveals the top ten most in-demand London hotspots. The banana may be appealing but the real action is happening outside the peel, with eight out of ten hotspots falling outside the banana zone – a…
Read MoreNew record rent across Great Britain as landlords brace for Renters’ Rights Bill and potential tax changes
The average advertised rent across Great Britain has risen to a new record in August of £1,577 per calendar month Average advertised rents are now 3% higher than at this time last year, in line with Rightmove’s prediction for the year, with constrained supply contributing to rising rents: The number of available homes to rent…
Read MoreHull and Sunderland named cheapest cities for student renters
Hull, Sunderland (both £804 per calendar month), and Carlisle (£828 per calendar month) top the list as the three lowest priced cities in Great Britain to rent The cost of renting in Hull & Sunderland is 49% lower than the average across Great Britain, which is currently £1,565 per month The data comes as students…
Read MoreRightmove asks government to carefully consider property tax changes
The UK’s largest property platform Rightmove is asking the government to carefully consider the impact of any changes to property taxation to avoid unintended consequences which would risk stalling parts of the market. Key data National property tax Just under a third (30%) of homes for sale in England are priced at over £500,000, and…
Read MoreSavvy summer sellers drive best July for sales agreed since 2020
The average price of property coming to the market for sale drops by a seasonal 1.3% (-£4,969) this month to £368,740. August’s price drop is in line with the ten-year average following the bigger than usual falls in June & July Savvy summer sellers are pricing realistically to attract holiday-distracted buyers. Lower asking prices and…
Read MoreRightmove to launch digital agent valuation tool to connect agents with more future sellers
The UK’s largest property platform Rightmove is adding a new product to its suite of valuation tools, helping agents to reach more future sellers that want an online-first experience. With the new Online Agent Valuation, prospective sellers can send photos and detailed information about their home to selected agents, who can then reply with an…
Read MoreNeighbourly nightmares: One in three Brits face next-door disputes
New research from Rightmove reveals that over a third of Brits (36%) admit to having had an argument with their neighbour Top annoyances are noisy neighbours (78%), parking spot poachers (71%) and curtain twitchers (70%) Neighbour behaviours deemed the biggest red flags are asking for your Wi-Fi password (87%) and letting bins overflow (71%) …
Read MoreRightmove Comment on The Bank Rate Cut
Matt Smith, Rightmove’s mortgage expert says: “As expected we now have the third Bank Rate cut of the year, with the Bank continuing along its forecast trajectory. Mortgage lenders have had a bit of room to reduce rates over the last week, owing to the ongoing developments around global tariffs. However, we expect that lenders…
Read MoreAverage first-time buyer mortgage payment nearly £100 less than last year
Ahead of the Bank of England’s interest rate decision at 12:00pm on Thursday, Rightmove’s analysis shows that the typical first-time buyer monthly mortgage payment is nearly £100 less than at this time last year The average first-time buyer mortgage payment is currently £909 per month, versus £1,002 per month last year The average two-year fixed…
Read MoreRightmove: Average two-year and five-year fixed mortgage rates now level
Rightmove’s daily mortgage tracker shows that the current average two-year fixed mortgage rate is currently level with the average five-year fixed mortgage rate. Both the average two-year fixed rate, and five-year fixed rate are currently 4.52% Prior to July 2025, the last time this was the case was in September 2022 before the mini-Budget…
Read MoreRents reach another new record as tenants pay £400 more than five years ago
The average advertised rent of homes outside of London has risen to another new record this quarter of £1,365 per calendar month (pcm), but the yearly pace of rent growth continues to slow: London rents also reach a 15th consecutive new record of £2,712 pcm this quarter Five years on from the pandemic, new tenants…
Read MoreRetail investment bounces back as Bank Rate cut again
Demand to invest in retail commercial property is up by 35% compared to a year ago, shifting from being 15% down year-on-year in 2024 Overall demand to invest in commercial property is up by 20% as the interest rate environment improves, and the Bank Rate is cut for the second time this year Office sector…
Read MorePrice is key as sellers compete for buyers with big July price drop
The average price of property coming to the market for sale drops by 1.2% (-£4,531) this month to £373,709. With the number of available homes still at a decade-high level, summer sellers are pricing even more competitively to attract buyer interest: London is the biggest regional driver of new seller asking price falls this month…
Read More£88,106 price premium for homes with a sea view
The average asking price for a home with a sea view in Great Britain is £363,181 This marks a 32% price premium compared to homes in coastal areas without a sea view The East Midlands has the highest price premium for homes with a sea view (68%) and the South East has the lowest (22%)…
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