Posts by Rightmove
Demand for office space exceeds pre-pandemic levels as back to the office beckons
Business owners enquiring about leasing office space surpassed pre-pandemic levels in January, 54% higher than in January 2021 and 15% higher than in pre-pandemic January 2020 The office sector started the year with the strongest growth in enquiries of any sector, as more businesses assess their office needs in the hope of moving towards a…
Read MoreBusiest ever January with buyer demand over 20% higher than pre-covid levels
Rightmove has recorded its busiest January on record for home-mover activity, with buyer demand up 16% compared to January last year, and 24% compared to January 2020 Tenant demand is up 17% compared to last January, and 33% compared to January 2020 Rightmove recorded over 218 million visits to its site and apps in January,…
Read MoreBexhill-on-Sea tops new year supply hotspots
Bexhill-on-Sea, East Sussex, has topped the list of new year supply hotspots – areas where more new properties are coming onto the market for sale than the same period last year The number of new properties coming to market for sale in Bexhill-on-Sea is nearly double that of the same period last year (+88%) High…
Read MoreRents increase at fastest ever rate as tenant competition doubles
Average asking rents have increased at the fastest rate on record, and are now £1,068 per calendar month (pcm) outside of London – 9.9% higher than this time last year Average rental growth is outpacing house price growth in all but three regions (East Midlands, South West & South East) London rents hit a new…
Read MoreRightmove House Price Index: Early-bird sellers benefit from busiest ever start to a New Year
The average price of property coming to market jumps by 0.3% this month (+£852) to £341,019, which is 7.6% higher than in January 2021, the highest annual rate of price growth recorded by Rightmove since May 2016 First-time buyer asking prices hit a new record of £214,176 after a monthly jump of 1.4% Strong demand…
Read MoreBusiest ever festive period as home-hunters make New Year’s resolution to move
Rightmove recorded its busiest ever festive period for home-mover activity, with buyer demand up by 23% compared to the same period last year The number of new sellers coming to market was up by 21% on Boxing Day compared to Boxing Day in 2020 as people took advantage of the post-Christmas buyer surge. This was…
Read MoreMountain Ash in Wales is this year’s price hotspot
Rightmove analysis of the year reveals Mountain Ash, in the County Borough of Rhondda Cynon Taf in Wales, is this year’s price hotspot, with average asking prices for homes in the area rising by 31% The average price for a home this year in Mountain Ash is £137,220, compared to £104,431 last year Porth, in…
Read MoreEaston in Bristol is this year’s strongest sellers’ market
Rightmove analysis of the year reveals Easton in Bristol is this year’s strongest sellers’ market, with more than eight out of every ten properties for sale being marked sold subject to contract (SSTC) Hoxton is this year’s top buyer market, with nine out of every ten properties that have come to market for sale still…
Read MoreNew Year resolution sellers gearing up for 2022 as closer to normal market beckons
The price of property coming to market sees its usual December dip, down by 0.7% (-£2,234) this month Following a hectic last eighteen months, Rightmove predicts a closer to normal market during 2022: While fully available stock for sale has hit a new record low this month, valuation requests from home-owners are 19% up on…
Read MoreBournemouth is the most in-demand coastal location this year
Rightmove analysis of the year reveals Bournemouth is 2021’s most in-demand coastal location from buyers, followed by Southampton and Brighton The average asking price this year for a property in Bournemouth is £317,449, up 4% from last year Padstow in Cornwall is this year’s top coastal price hotspot, with average asking prices 20% higher than…
Read MoreRightmove forecasts house prices to rise nationally by 5% in 2022, and by 3% in London
Rightmove predicts that the national average price of property coming to market will rise by 5% next year, as strong buyer demand and a historically low level of available property continue to push up prices in 2022. As always there will be sector and regional market variations. Currently the most competitive markets are in…
Read MoreRightmove launches new sale skills training course with Josh Phegan
Rightmove has launched its second modular training course for agents, an exclusive sale skills training course with internationally renowned trainer Josh Phegan. The course is available for agents in four parts on the Rightmove hub, with participants receiving a Continuing Professional Development certificate after successfully completing each module. The cost of the course is usually…
Read MoreHexham regains crown of happiest place to live in Great Britain
The Northumberland market town of Hexham has topped Rightmove’s annual Happy at Home Index for 2021, regaining the top spot which it last held back in 2019 Richmond in London rises up the ranks to take second place nationally this year, as well as being the happiest place to live in London for the seventh…
Read MoreRightmove House Price Index – Biggest price drop since January as sellers tempt bargain-hunting pre-Xmas buyers
The price of property coming to market drops by an average of 0.6% (-£2,044) compared to last month, the largest monthly fall since January This pre-Christmas price lull aims to attract festively distracted buyers and offers a small window of opportunity for bargain hunters before the traditional Boxing Day buyer boom: The number of people…
Read MoreGrays named strongest seller market with eight out of ten properties sold
Grays in Essex has topped the list of the strongest seller markets this Autumn, with more than eight out of every ten properties for sale on Rightmove already sold subject to contract (SSTC) Chelsea in London is the top buyer market right now, with around just one in every ten properties for sale marked as…
Read More