Posts by Rightmove
Average 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%)…
Read MoreEnhanced lettings leads from Rightmove to integrate with agent CRM systems
The UK’s largest property platform Rightmove, is rolling out a significant update to its enhanced leads feature for lettings agents, by integrating with agent CRM systems. With Rightmove’s enhanced leads feature, enquiries from prospective tenants come pre-qualified with additional information, helping busy letting agents to find the right tenant for their landlords quicker. This includes…
Read MoreTen years on: More first-time buyers moving to cities while the coast stands still
New ten-year analysis of the property market shows that more first-time buyers are looking to move to cities, while the coast has seen no growth in new buyers First-time buyer demand to move to Great Britain’s 50 largest cities (excluding London) is up by 16% on average over the last ten years, with Dundee topping…
Read MoreRightmove launches Extension Explorer experiment
Rightmove, the UK’s largest property platform, is experimenting with a new feature to give home-movers access to more information about the extension potential of a property. The new feature follows on from the success of its Renovation Calculator, and forms part of Rightmove’s suite of valuation tools to help owners understand the value and potential…
Read MoreSandbanks crowned most expensive seaside spot
New data from Rightmove shows that Sandbanks in Poole, Dorset is the most expensive coastal area in Great Britain, with an average asking price of £1,282,565 Canford Cliffs in Poole is second, with an average asking price of £974,635, and Milford-on-Sea in Hampshire is third (£728,460) Sandbanks is now the only seaside spot above £1million:…
Read MoreRightmove’s Weekly Mortgage Tracker – 01/07/25
Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.57% -0.05% -0.83% 5-year fixed 4.55% -0.04% -0.45% Lowest rates for 2-year and 5-year fixed-rate mortgages Term Lowest rate Weekly change Yearly change 2-year fixed 3.69% -0.13% -0.98% 5-year fixed 3.87% -0.01% -0.36% Average…
Read MoreNumber of million-pound homes for sale doubles since 2019
New analysis shows that the number of homes for sale priced at a million pounds or more has doubled (+103%) across Great Britain over the last six years Just over 5% of homes for sale across Great Britain are now priced at over a million pounds, versus just under 3% in 2019 Cornwall (+246%) has…
Read MoreNew sellers lower prices in June, encouraging more to buy
New seller asking prices drop by 0.3% (-£1,277) this month to £378,240. This is an unusual dip for June, as new sellers lower their price expectations amid decade-high competition to secure buyers Some segments of the market are performing more strongly than others, with affordability and supply levels key: The higher-priced southern regions and the…
Read MoreLocal agents to front national Rightmove campaign
Rightmove has unveiled six exceptional agents recognised for going above and beyond for home-movers, chosen by a panel of judges to front Rightmove’s new ‘Game Changers’ marketing campaign. The campaign brings to life real examples of the valuable role agents across the UK play in keeping the nation moving. ‘The Game Changers’ campaign launches today,…
Read MoreBusiest May for sales agreed since 2021
The latest insights from Rightmove show that it was the busiest May for agreed property sales since 2021, and the busiest out of any month since March 2022 May is typically a busy month in the year for agreed sales, but this year’s figure highlights the improved market conditions, as home-movers carry on following the…
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