City markets heat up as competition cools by the coast

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New research reveals that competition between buyers and renters for homes in many seaside areas is beginning to cool as more homes become available and coastal demand starts to ease In Cornwall, competition between buyers is down by 27% on average compared to this time last year, and down by 31% for renters Across all…

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Fourth new record puts prices £55,000 higher than pre-pandemic

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Price of property coming to market hits a fourth consecutive record of £367,501, up by 2.1% monthly (+£7,400): Average asking prices have risen more than £55,000 in the past two years, compared to a £6,000 rise in the two years before the pandemic Activity levels remain strong and still significantly higher than pre-pandemic, though there are signs that the frenetic market…

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Property prices double around Elizabeth Line stations

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Rightmove’s new Elizabeth Line study reveals asking prices have more than doubled over the past decade in the local areas around Maryland, Abbey Wood and Stratford stations Despite delays in the line opening, the number of buyers looking to move near the stations has steadily surged: Buyer competition is now more than nine times that…

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Bath tops city asking price hotspots list

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Bath is the top city price hotspot across Great Britain, with asking prices rising 15% over the last year, more than any other city Truro in Cornwall is the second city asking price hotspot (+14.8%) and Southend-On-Sea is third (+13.4%) Average growth of 12.6% in the top ten city hotspots outpaces national asking price growth…

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Asking rents jump by 11% in most competitive rental market ever

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National average asking rents outside of London hit a new record of £1,088 per calendar month (pcm), rising from £982 pcm last year: This 10.8% rise in asking rents is the first time annual growth has exceeded 10% Average rents are now 15% higher than the same period two years ago, just as the pandemic…

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Rightmove launches new ‘one day could be today’ campaign

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Rightmove, the UK’s biggest property website, will launch its newest campaign on Tuesday 19th April, inviting people to make ‘one day today’ by taking action to move. The ‘one day could be today’ campaign encourages people to consider the different life they could have if they made the move they’ve always dreamt about. The campaign…

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Best ever spring sellers’ market as prices hit another new record

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Another new price record as the average price of property coming to market jumps by 1.7% (+£5,760) this month to £354,564, breaking through the £350,000 barrier for the first time The average monthly rise is the largest seen at this time of year since March 2004, pushing the annual rate of increase to 10.4%, with…

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Margate named house price hotspot as Northern towns lag behind

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Following last week’s release of the government’s Levelling Up White Paper, new analysis reveals the areas that have seen the highest and lowest house price growth over the past decade Margate in Kent tops the list of asking price growth hotspots, with prices more than doubling (+102%) in ten years, while Middlesbrough has seen the…

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Bexhill-on-Sea tops new year supply hotspots

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Bexhill-on-Sea, East Sussex, has topped the list of new year supply hotspots – areas where more new properties are coming onto the market for sale than the same period last year The number of new properties coming to market for sale in Bexhill-on-Sea is nearly double that of the same period last year (+88%) High…

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