Posts by Rightmove
Rightmove 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…
Read MorePortugal enquiries surge as buyers make plans to travel overseas
The news that Portugal is on the green list of countries for travel from 17th May has led to a jump of 93% in the number of home-hunters contacting estate agents about properties for sale in the country The most popular resorts are in the Algarve, with the top destination being Albufeira where the average…
Read MoreDidsbury named most sought after place to buy a home in Great Britain
New data reveals the Manchester suburb of Didsbury is the most popular area for buyers actively looking for their next home, while neighbouring suburb of Chorlton-cum-Hardy also makes the top ten Walthamstow in London takes the second spot, and in third place is the Wirral in Merseyside There are now over 2.7 million people signed…
Read MoreRents across two thirds of London lower than five years ago
Asking rents in almost two thirds (65%) of areas in London are lower than they were five years ago, compared to just 4% of areas with lower rents across the rest of Great Britain London is the only region where asking rents are lower than five years ago, down by 2.3%, while the East Midlands…
Read MorePrices hit record high as properties sell at fastest pace ever recorded
National average price of property coming to market hits a new all-time high of £327,797, following a 2.1% (+£6,733) monthly jump Encouragingly, 145,000 properties were newly marketed this month, but not enough to meet buyer demand: Number of sales agreed up by 55% on same period two years ago, reducing the stock of properties that…
Read MoreNewquay hottest seller’s market with eight in 10 homes sold
Newquay in Cornwall has been named the hottest seller’s market right now, with 82% of all properties put up for sale this year already sold subject to contract City centres are still moving much more slowly, with Birmingham city centre the top buyer’s market, where only 18% of properties are sold subject to contract The…
Read MoreNew sellers spring into action and new record for home-hunter visits
The spring selling season has started at a level not seen in a decade, with the number of sales being agreed on Tuesday 23rd March being the highest daily number recorded over the past ten years A new record was set for visits by home-hunters to Rightmove this week, with over 9.1 million visits on…
Read MoreJump in chain-free homes as owners sell up and rent in short-term
One in five (21%) available properties on Rightmove are now chain-free, a jump from around one in six (15%) this time last year as sellers look to take advantage of record buyer demand The percentage of chain-free homes available is up in all regions and the biggest shift is in London, jumping from 12% of…
Read MoreRightmove House Price Index: Strongest spring sellers’ market in the past decade
Greatest excess of demand over supply over the past ten years, pushing up the average price of property coming to market by 0.8% (+£2,484) this month: Number of potential buyers enquiring about each available property in the month is at a record, and is 34% higher than the same period a year ago, which was…
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