Posts by Rightmove
Rightmove to launch next phase of ‘believe it’ campaign from Boxing Day
The next phase of Rightmove’s ‘believe it’ integrated campaign will begin from Boxing Day, to coincide with the post-Christmas and New Year upturn in home-moving activity. The multi-million pound, multi-channel campaign will continue throughout the first quarter of 2024, leading up to the spring selling season. In September Rightmove evolved its brand communications to highlight…
Read MoreWrexham is 2023’s busiest rental market with 56 enquiries per property
Wrexham in Wales is this year’s busiest rental location, with available rental properties in the area receiving 56 enquiries on average from prospective tenants in 2023, up from eight enquiries back in 2019 Redbridge in London is second on the list with an average of 49 enquiries per available rental property, and Tameside in Greater…
Read MoreBoxing Day Bounce: New properties to market triple since pre-pandemic
New Rightmove analysis ahead of the festive period reveals that the number of homes being listed by estate agents on Boxing Day has nearly tripled (+173%) since pre-pandemic 2019 Last year, a record number of new sellers came to market on Boxing Day, 46% higher than 2021 Sellers who list on Boxing Day are in…
Read MoreAverage 5 year fixed mortgage rate drops from 6.11% at peak to 5.07% – Rightmove’s weekly mortgage tracker
Matt Smith, Rightmove’s mortgage expert said: “No news is often good news when it comes to the mortgage market, and yet another week – the 20th in a row – of marginal percentage point drops is positive news for home-movers. Swap rates have also remained steady this week, but fell further on the back of…
Read MoreRightmove House Price Index: Signs of family movers returning as market stabilises
Average new seller asking prices drop by 1.9% (-£6,966) this month to £355,177. Prices usually fall in December due to seasonal factors, but this month’s drop is bigger than the previous 20-year average of 1.5% as sellers get more competitive The 2023 market was more resilient than many predicted as it continued its slow transition…
Read MoreRightmove’s weekly mortgage tracker – 06/12/23
The average 5-year fixed mortgage rate is now 5.11%, down from 5.36% a year ago The average 2-year fixed mortgage rate is now 5.52%, down from 5.61% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.20%, down from 5.37% a year ago The average 60% LTV 5-year fixed mortgage rate…
Read MoreRightmove Happy at Home Index 2023: Richmond upon Thames named happiest place to live by residents
The borough of Richmond upon Thames in London has been crowned the happiest place to live in Great Britain, followed by Winchester in Hampshire: It’s the first time a London location has topped Rightmove’s Happy at Home Index, now in its 12th year Monmouth in Wales takes third place, the first time an area from…
Read MoreRightmove 2024 forecast: prices to drop by 1% as competition increases among sellers
Rightmove predicts that average new seller asking prices will be 1% lower nationally by the end of 2024, as the market continues its transition to more normal levels of activity following the frenetic post-pandemic period. Motivated sellers are likely to have to price more competitively to secure a buyer in 2024, and agents will work…
Read MoreRightmove’s weekly mortgage tracker – 29/11/2023
The average 5-year fixed mortgage rate is now 5.14%, down from 5.52% a year ago The average 2-year fixed mortgage rate is now 5.56%, down from 5.77% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.22%, down from 5.54% a year ago The average 60% LTV 5-year fixed mortgage rate…
Read MoreRightmove launches course for agents to help compliance with CPRs
Rightmove has launched a brand new course for estate and letting agents, to help them understand and remain compliant with the Consumer Protection from Unfair Trading Regulations (CPRs). The course has been created with National Trading Standards Estate and Lettings Agency Team (NTSELAT) to make sure agents have all the information they need to…
Read MoreRightmove’s weekly mortgage tracker 22/11/2023
Headline stats The average 5-year fixed mortgage rate is now 5.21%, down from 5.62% a year ago The average 2-year fixed mortgage rate is now 5.65%, down from 5.88% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.29%, down from 5.59% a year ago The average 60% LTV 5-year…
Read MoreRightmove stats and comment ahead of Autumn Statement
Stamp Duty The average stamp duty that a home-mover (not a first-time buyer) pays is currently £5,607 (based on the average asking price of £362,143) 29% of homes on the market are currently exempt from stamp duty for all home-movers (excluding second homes, anything £250,000 or below) 62% of homes on the market are…
Read MoreSub 5% rate now available in all LTV brackets except 95%
The average 5-year fixed mortgage rate is now 5.17%, down from 5.67% a year ago The average 2-year fixed mortgage rate is now 5.62%, down from 5.93% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.21%, down from 5.66% a year ago The average 60% LTV 5-year fixed mortgage rate…
Read MoreRightmove’s weekly mortgage tracker and comment on inflation and rates – 15/11/23
Matt Smith, Rightmove’s mortgage expert said: “Lenders have accelerated mortgage rate reductions over the last week and this morning’s positive inflation news will only fuel confidence amongst lenders further that they can continue to drop rates over the final weeks of this year, barring any last minute surprises. “With the markets anticipating that rates have…
Read MoreBetter-than-predicted year, as sellers price more competitively
Average new seller asking prices drop by 1.7% (-£6,088) this month to £362,143, as Christmas approaches and sellers continue to adopt more pricing realism to attract a buyer Though the transition from the frenzied pandemic market back towards more normal activity levels has been slow, key indicators point to a year that so far has…
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