Posts by Rightmove
Rightmove 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…
Read MoreDemand 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…
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