Posts by Rightmove
Record day as more home-owners plan to sell post-lockdown
Rightmove recorded its busiest ever day on Wednesday 17th February, with visits surpassing the last record set on 8th July last year when the stamp duty holiday was first announced A new record was also set for visits and leads to commercial properties as businesses prepare to reopen once restrictions ease, and searches hit a…
Read MoreRumoured stamp duty extension to end of June – latest estimates
Following the latest rumours that the stamp duty holiday could be extended to the end of June, here is the estimated effect it could have: Rightmove estimates an additional 300,000 property transactions in England could benefit from the tax saving, based on previous HMRC data If an additional 300,000 transactions made it through, buyers could…
Read MoreRumoured six week stamp duty holiday extension could save buyers up to £1 billion
Rightmove estimates that if the rumour the government may extend the stamp duty holiday deadline by six weeks came true it would mean between 120,000 and 160,000 additional property transactions in England could benefit from the tax saving. If 160,000 transactions made it through, buyers could save a huge £1 billion in total. The projection…
Read MoreRightmove House Price Index – Upwards price pressure resumes as demand grows while new sellers pause
After three consecutive monthly falls the average price of property coming to market surprisingly increases by 0.5% (+£1,522) this month, as upwards price pressure resumes One in five buyers who agreed a purchase in July last year have still not completed more than six months later, with an estimated 100,000 buyers in total still likely…
Read MoreBusiest January on record with new buyers undeterred by stamp duty holiday ending
Rightmove has recorded its busiest ever January, with visits to the site up by 39% on January 2020 and time spent on Rightmove up by 44% Prospective buyers contacting estate agents was up by 7% on January last year, and those enquiring about a property to rent was up by 14% The number of sales…
Read MoreCity centre rents suffer as tenants look to suburbs
Asking rents in some of the UK’s biggest city centres saw annual falls of up to 12% in the last quarter of 2020 as some tenants swapped centres for suburbs Inner London has been hardest hit with average asking rents falling annually by 12.4%, followed by Edinburgh city centre down 10% and Manchester city centre…
Read MoreDemand for warehouses in overdrive as online sales increase
Following today’s ONS retail sales figures, Rightmove, with the largest online commercial real estate (CRE) audience in the UK, reveals the increase in enquiries in the industrial and warehouse property sector: · So far this year, there has been a record number of enquiries for industrial and warehousing, with total enquiries on freehold properties up…
Read MoreBusiest ever start to the year as home-hunters seek New Year moves
Rightmove has recorded its busiest ever start to a new year, with visits to the site up 30% on the same time period in 2020 Very early signs of activity continuing to grow during the new lockdowns in England and Scotland, with over six million daily visits to the site on Tuesday and Wednesday People…
Read More2021 forecast: 4% price growth as housing priorities outweigh uncertainties
Rightmove forecasts robust 4% national average price growth in 2021 as housing priorities stay high on people’s life agendas, though price rises for newly marketed properties will be at a slower pace than this year 2020’s unanticipated market momentum sees prices finish 6.6% up on 2019 despite a fall of 0.6% this month Busy Q1…
Read MoreSt Ives named happiest place to live in Great Britain
The Cornish coastal town of St Ives has been crowned the happiest place to live in Great Britain, topping Rightmove’s 2020 Happy at Home Index In second place is Skipton in North Yorkshire, and taking third place on the podium is Leamington Spa in Warwickshire Richmond upon Thames has been named the happiest place to…
Read MoreMumbles in Wales is Britain’s top coastal price hotspot
A new study from Rightmove reveals Great Britain’s top coastal price hotspots, with Mumbles in Wales leading the way, followed by Camber in East Sussex and Fowey in Cornwall Average asking prices in Mumbles have risen by 47% since 2015, which is a bigger five-year increase than any other coastal area in Great Britain Sandbanks…
Read MoreRightmove House Price Index: Strong lockdown demand as new sellers price keenly to beat March deadline
• Average price of property coming to market dips by 0.5% (-£1,505) from last month despite continuing strong buyer demand as new sellers join the rush to sell and beat the March stamp duty deadline • Demand and activity compared with October last year are strongest in the price bands and regions where buyers are…
Read MoreEdinburgh 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…
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