Posts by Rightmove
Tenant demand rises for stations further along Elizabeth Line
New analysis from Rightmove reveals the trends around Elizabeth Line stations one year on from it opening The biggest increase in demand from renters is near stations furthest out, including Reading (+32%), Brentwood (+26%) and Shenfield (+25%) This compares to a slight easing of tenant demand in London by 2% versus last year A bigger…
Read MoreRightmove launches summer campaign
Rightmove, the UK’s biggest property website, has launched a multi-channel advertising campaign that will reach potential home-movers across ITV, ITVX, SKY, Channel 4 and YouTube this summer. Rightmove’s ‘This Is it’ advert will be played across key programmes including the remaining Premier League football fixtures, Gogglebox and Love Island, reaching a variety of potential…
Read MoreRightmove Weekly Mortgage Tracker 16/05/23
Rightmove’s mortgage expert Matt Smith says: “We’ve seen average rates edge up across most two-year and five-year Loan-To-Value (LTV) mortgages after the Bank of England’s decision to increase the Base Rate last week, but more importantly, as a result of its forecast that inflation may not come down as quickly as originally hoped. This has…
Read MoreA spotlight on Liverpool: Formby is the most searched for location
All eyes are on Liverpool this week as it hosts the Eurovision Song Contest and new analysis from the UK’s biggest property website Rightmove reveals the latest trends in the city and its surrounding areas Formby is the most searched for location around the Liverpool area, followed by Crosby & Maghull The average asking price…
Read MoreRightmove weekly mortgage tracker 11/05/23
Rightmove’s mortgage expert Matt Smith says: “Average mortgage rates have continued to rise over the last week ahead of the expected increase in the Bank of England Base Rate tomorrow, as the underlying costs of fixed rate mortgages factor in a potential rise. However, rates across all Loan-To-Value ranges (LTV) have only increased by an…
Read MoreNew first-time buyers pay £200 more than last year
First-time buyers with a 15% deposit now pay £1,056 per month compared with £865 last year, due to higher mortgage rates and a new record asking price: However, this is significantly lower than the average of £1,218 per month in October The average rate for a five-year fixed, 85% Loan-To-Value (LTV) mortgage is now 4.44%,…
Read MoreFalkirk is home to Britain’s fastest selling market
New analysis reveals that Falkirk in Stirlingshire is Britain’s quickest selling market, with Broxburn in West Lothian second and Renfrew in Renfrewshire in third It’s taking longer to find the right buyer in areas near the coast compared with a year ago, while it is homes in city commuter belts that are finding a buyer…
Read MoreRightmove House Price Index: Better than expected market surprises many as buyers return
Average new seller asking prices remain flat this month, rising by just £14 (+0.0%), the smallest ever increase from January to February and a sign that more sellers are heeding their agents’ advice to price right first time Increasing numbers of buyers are returning, with the market starting 2023 much better than many expected: The…
Read MoreRightmove announces headline sponsorship of Saturday Night Takeaway
Rightmove, the UK’s biggest property website, will be the headline sponsors of the new series of Ant & Dec’s Saturday Night Takeaway which begins on Saturday 25th February at 7pm. The ITV programme is one of the biggest and best-loved live entertainment shows on television reaching millions every episode and is returning for a 19th…
Read MoreRightmove rental tracker: Rents hit another record but tenant competition starts to ease
National average asking rents outside London have hit a record of £1,172 per calendar month (pcm), taking average rent increases for newly listed properties to 9.7% for 2022: London also reaches a new record asking rent of £2,480 pcm and Inner London rents surpass £3,000 pcm for the first time There are signs that competition…
Read MoreEastwood in Nottinghamshire is 2022’s price hotspot
Rightmove analysis of the year reveals Eastwood in Nottinghamshire is 2022’s price hotspot, with average asking prices for homes in the area rising by 29% The average price for a home in Eastwood was £231,381 in 2022, compared to £179,194 the previous year, while the average monthly mortgage payment for a new buyer with a…
Read MoreBoxing Day bounce as record number of sellers come to market
A record number of new sellers put their property up for sale on Rightmove on Boxing Day, a 46% jump on the previous year Prospective sellers also got ready for a New Year move, with the number of people contacting estate agents to value their home between Boxing Day and New Year’s Day the highest…
Read MoreCornwall and Devon searches decline & more renters seek bills included
London takes the top spot as Rightmove’s most searched for 2022 location with a 9% increase on 2021, while searches for Cornwall & Devon dropped, though they both maintain second and third most-searched places The gap between London & Cornwall searches was the biggest since the pandemic started (+36%), compared with just 3% last year,…
Read MoreRightmove House Price Index: Prices fall as some movers wait for calmer 2023
Average price of property coming to market drops by 2.1% (-£7,862) this month, a bigger dip than usual at this time of year as some determined sellers price aggressively to tempt hesitant buyers: 2022 ends with new seller asking prices 5.6% higher than a year ago, versus 6.3% annual growth in 2021 Rightmove forecasts that prices…
Read MoreDemand shifts from sale to rental following financial uncertainty
Demand for homes to rent has jumped as some aspiring buyers put their plans on hold in the hope that mortgage rates will drop in the new year: The number of people enquiring about homes to rent is up 23% on this time last year, and the total number of home-movers in the market looking…
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