Posts by Rightmove
Seaside resorts see biggest rental shortage as tenant competition quadruples
The Isle of Wight has seen the biggest decline in the number of available rental properties compared with summer 2019, with UK holiday resorts making up the top ten list of most affected areas Competition among tenants for available properties is quadruple that of 2019 on average in the top ten areas, and in some…
Read MoreScotland overtakes London as fastest million-pound market as capital loses share
Scotland has overtaken London as the fastest-moving market for million-pound properties, with homes finding a buyer 25 days quicker on average than before the pandemic London has seen a 7% drop in its overall share of total million pound sales across Great Britain, with 40% taking place in the capital over the past year compared…
Read MoreNewmarket tops supply shortage hotspots as home sales surge by 79%
Newmarket in Suffolk is revealed as the top new supply shortage hotspot, seeing the biggest gap over the past year between the number of homes selling and new sellers coming to market: The number of sales being agreed in the town is up by 79% on last July, while new sellers putting their properties up…
Read MoreDemand for pet friendly homes more than doubles during pandemic
Demand from tenants looking for pet friendly properties has increased by 120% over the past year, compared to total demand from tenants being up by 13% Homes with a balcony have seen the second biggest rise in demand, up by 70%, while the need for parking is up by 48%, gardens are up by 39%…
Read MoreRightmove House Price Index – Mass-market prices hit new record as upper end cools
New record highs in price of property coming to market in the mass-market sectors, made up of first-time buyer properties, up by £1,328 (+0.6%) in the month, and second-stepper properties, up by £975 (+0.3%) in the month Cooling of the upper-end four-bedroom-plus sector, down by £4,699 (-0.8%) in the month, with buyers no longer making…
Read MorePrice of flats up just 1% since pandemic began, while detached homes jump by 10%
The average asking price of a flat is up by just over £2,000 (+1%) since the start of the pandemic, now £277,302 nationally as many buyers opted for homes with gardens and more space instead The price of a detached home has jumped by almost £46,000 (+10%) over the same time period, hitting over £500,000…
Read MoreCoastal homes sell twenty days quicker than pre-pandemic as city to seaside demand doubles
Homes for sale in coastal locations across Great Britain have been selling twenty days quicker than in 2019, dropping from an average of 71 to 51 days City dwellers enquiring about homes for sale in coastal locations has more than doubled compared to before the pandemic (+115%), as more people chose to swap cities for…
Read MoreBest chance of finding a buyer over past ten years across all areas of Great Britain
Nearly seven in ten homes (68%) across Great Britain have found a buyer in the current market, the highest percentage recorded over the past ten years On average just over half (53%) of properties up for sale successfully found a buyer between 2012 and early 2020, highlighting the strength of the market over the past…
Read MoreRightmove House Price Index – 2021 buyer frenzy reveals 225,000 shortfall in number of homes for sale
Busiest ever first half of a year pushes average price of property coming to market to a new record high for fourth consecutive month, and £21,389 higher (+6.7%) in just six months With the first half of 2021 seeing 140,000 more sales being agreed and 85,000 fewer new listings than the long-term average, this surge…
Read MoreAverage rents hit a record £1,000 & city centres start to recover
National asking rents outside London have reached another record, and are now over £1,000 per calendar month for the first time: Asking rents are 2.6% higher now than in Q1 2021 and 6.2% higher than this time last year, the biggest quarterly and annual jumps ever recorded by Rightmove London is the only region with…
Read More1.3 million buyers benefitted from stamp duty holidays as June deadline looms
Rightmove estimates that 1.3 million buyers benefitted from the stamp duty holidays across Great Britain since they were announced in July last year The national average asking price of a home has increased by almost £16,000 since July last year Research by Rightmove among buyers expecting to benefit from the stamp duty holiday found only…
Read MoreRecord number of homes selling for asking price or above
The latest available sold price data from Land Registry reveals more than a third of homes have achieved their final asking price or above (37%), the highest percentage recorded by Rightmove This is a jump from 28% in January 2020, and significantly higher than the long-term average of 23% between 2005 and 2021 The frenetic…
Read MoreBiggest sales pipeline in a decade & buyers undeterred by stamp duty holiday ending
More than 700,000 homes are marked Sold Subject to Contract and going through the sales process, the highest number Rightmove has recorded over the past ten years and 78% higher than in May 2019 New research among buyers expecting to benefit from the stamp duty holiday has found only 4% would abandon their plans to…
Read MoreFirst-time buyer demand and stalled price growth help city centres bounce back
City centre locations and flats are staging a comeback in the housing market, with the easing of restrictions and the 95% mortgage guarantee scheme in particular helping drive demand: Flats have seen the biggest jump in buyer demand since January, up by 39% Buyer demand in city centres is up by 35% compared to a…
Read MoreNew price record as Wales and the north lead the way and London stands still
New records continue to be set as the average price of property coming to market this month jumps by 1.8% (+£5,767), to a third of a million pounds (£333,564) Average London house prices are 2.9 times higher than prices in the northern areas of Great Britain, and although still large this is the smallest ratio…
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