Posts by Rightmove
Rightmove House Price Index: Sixth price record but market cooling from boil to simmer
Price of property coming to market hits sixth consecutive record of £369,968, up 0.4% in the month (+£1,354): New first-time buyers face record prices and rising interest rates, meaning that their monthly mortgage payments are now 20% (+£163) higher than the start of the year More buyers may lock in longer mortgage terms to bring…
Read MoreRents grow at fastest annual rate in 16 years
National average asking rents outside London hit another new record of £1,126 per calendar month (pcm), rising 3.5% from last quarter and 11.8% higher than last year: Average asking rents outside London have now jumped by 19% (+£177) in the two years since the pandemic started, the same growth in rents that took eight years…
Read MoreSummer sellers jump into action with property valuation requests highest since January
The number of prospective sellers contacting estate agents to have their home valued is at its highest level since January, typically the first step for a seller coming to market: 22nd June was the fourth highest ever day for home valuation requests, and the busiest day for home valuation requests since May 2021 The number…
Read MoreRightmove House Price Index: Fifth price record this year but further signs of pace easing
Price of property coming to market hits a fifth consecutive record of £368,614, albeit only up by a modest 0.3% in the month (+£1,113), as the pace of price growth slows Affordability constraints, a better balance between supply and demand, and usual seasonal price drops will contribute to further slowing of price growth in coming…
Read MoreCity markets heat up as competition cools by the coast
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…
Read MoreFourth new record puts prices £55,000 higher than pre-pandemic
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…
Read MoreProperty prices double around Elizabeth Line stations
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…
Read MoreBath tops city asking price hotspots list
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…
Read MoreRightmove House Price Index: Third consecutive price record & homes selling faster than ever in spring market frenzy
The price of property coming to market hits a new record high for the third consecutive month, up by 1.6% (+£5,537) to £360,101 Despite growing economic headwinds, the 2022 market continues to set new milestones for price and activity levels: All regions and all market sectors reach new record price highs, for only the second…
Read MoreAsking rents jump by 11% in most competitive rental market ever
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…
Read MoreRightmove launches new ‘one day could be today’ campaign
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…
Read MoreBest ever spring sellers’ market as prices hit another new record
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…
Read MoreBiggest ever monthly price jump sets new record high as movers fear missing out
Price of property coming to market rises by 2.3% this month (+£7,785) to a record of £348,804, the biggest monthly jump in pounds recorded by Rightmove in more than twenty years: Prices are now 9.5% higher than a year ago, the highest annual rate of growth since September 2014 There are signs that both buyers…
Read MoreMarch revealed as the strongest month to sell as spring surge gathers momentum
Rightmove analysis reveals that March is the strongest month of the year to sell a home, having the highest number of buyer enquiries per property for sale on average over the last five years While new listings are also highest in March, strong demand from buyers in the month means March sees the highest competition…
Read MoreMargate named house price hotspot as Northern towns lag behind
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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