Posts by Rightmove
Edinburgh sees biggest five year rise in number of million pound streets
The number of million pound streets in the Scottish capital has jumped from just two in 2015 to 22 this year, the biggest five-year increase of anywhere in Great Britain In London, Hackney has seen the biggest rise in million pound streets, whilst at a county level, Warwickshire has seen the biggest five-year growth Outside…
Read MoreEnd of commuting line now hot property as demand by zone reverses
Analysis of commuter lines in London reveals Zone 6 is seeing the biggest increase in the number of buyers, and Zone 1 the smallest, a reversal of the trend we saw a year ago: Zone 6 has moved from having 9% more buyers in September 2019 compared with the previous year, to now being up…
Read MoreRightmove House Price Index: New records set and forecasts rise in extraordinary times
New national record for average price of property coming to market, with a 1.1% (+£3,534) monthly rise Prices now 5.5% (+£16,818) higher than a year ago, the biggest rate of increase for over four years, with Rightmove now forecasting annual growth rate to peak at circa 7% by December Activity levels also hit three new…
Read MoreRecord rents outside London & demand shift creates challenge for smaller flats
Asking rents have hit a record outside London to £964 per month, driven by record demand from renters London is only region where rents are falling, down 6.8% in Inner London, while Outer London is up by 0.8% Two bedroom houses have replaced studio flats as the most in demand property type, as post-lockdown renters…
Read MoreProperty searches surge in smaller communities as country escape continues
Areas with populations of under 11,000 saw the biggest uplift in buyer searches in September, as people look to move to smaller places in the countryside All of the places where searches have doubled are small towns, villages and civil parishes, in contrast to searches being up 53% on average across the ten biggest cities…
Read MoreTrade up gap hits record of £68,000 for buyers needing space
Home movers are having to pay almost £68,000 on average to move from a two bed flat to a three bed house outside London, £4,000 more than this time last year Asking prices of two bed flats have increased by 15% over the past five years, while three bed houses have jumped by 20%, leading…
Read MoreMillion pound home sales outpacing the market
Houses for sale at £1 million and above are finding a buyer 18 days more quickly on average than this time last year, outperforming the nine day drop seen across the whole market The level of million pound homes finding buyers is also beating the wider market, with sales agreed doubling in August (+105%), compared…
Read MoreRightmove House Price Index: Price record for larger homes as buyers compete for space
Price record for larger homes as buyers compete for space Price of property coming to market up 0.2% this month, just £269 below the record set in July: Second-stepper sector of three- or four-bedroom homes hits new record of £291,618, as more buyers seek larger homes Northern regions strongest for price jumps, with…
Read MoreSellers twice as likely to sell if priced right first time
Sellers are twice as likely to find a buyer for their home if they have an offer accepted on the first listed asking price: A study of 300,000 newly-listed homes across four months shows those that needed to be reduced had a one in three chance of finding a buyer (32%) within the timeframe, compared…
Read MoreChessington is in, busy interchanges are out for renters
More renters are looking to move to the Home Counties as office-based working and rail commutes become less frequent, new Rightmove data can reveal Cambridge has seen the biggest annual rise in rental searches outside London, up 76%, while Chessington in Kingston upon Thames, up 99%, is the capital’s new rental hotspot The study, based…
Read MoreTen-year high for homes selling in a week as stamp duty holiday speeds up market
The number of homes selling within a week of coming to market is up 125% compared to the same period last year, and is the highest number recorded over the past ten years One in seven homes sold by agents since the stamp duty holiday was announced on 8th July sold within a week, compared…
Read MoreStamp duty holiday sparks home-moving frenzy in southern commuter belt
South East commuter towns have seen the biggest annual jump in seller numbers since the start of the stamp duty holiday, with newly marketed property doubling in some areas Harlow in Essex has seen new listings surge 121% compared to the same six-week period in 2019, followed by Hertford in Hertfordshire (up 113%), and Wickford…
Read MoreBusiest month for ten years as home-buying supersedes summer holidays
Rulebook rewritten as post-lockdown mini-boom accelerates and home-moving fills the holiday void Highest number of sales agreed in a month since we started tracking this data over ten years ago, up by 20% on the previous high, and with a record total value of over £37 billion Highest number of properties coming to market in…
Read MoreVillage enquiries double as city dwellers escape to the country
City residents contacting estate agents to buy a home in a village rose by 126% in June & July compared to the same period last year, outperforming a 68% uplift from people in cities enquiring to towns The shift in more buyers looking to move outside cities began in April and is continuing, with the…
Read More£22,000 premium for homes with south-facing gardens
Homes listed as having a south-facing garden are priced at £22,695 higher on average than homes without, a 7% national asking price premium1 Yorkshire & the Humber has the highest asking price premium of 14%. It’s also where homes with south-facing gardens sell faster compared to those without, a difference of eight days. Nationally, homes…
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