Posts by Rightmove
House Price Index – Unexpected mini-boom pushes prices to record high
Britain gets moving – unexpected mini-boom pushes prices to record high Average asking price of property coming to market in Britain hits a record this month, 2.4% (+£7,640) higher than in March pre-lockdown, and the 3.7% annual rate of increase is the highest since December 2016 Mini-boom gathers momentum as all nations reopen and…
Read MoreRecord rents outside London, though landlord shift from holiday lets sees capital’s rents fall
Asking rents outside London hit a record of £845 per month, up 3.4% on the same time last year, the highest annual rate since Q2 2016 Record rental demand as phone and email enquiries to agents hit a new all-time high on Monday 6th July, and rental demand is now 40% higher than this time…
Read MoreBoost for southern commuter belt as demand jumps 49% for £400k-£500k homes
Since the stamp duty holiday announcement there has been a 49% surge in enquiries to agents for homes priced between £400,000-£500,000, compared to an overall uplift of 14% The tax saving of £15,000 has also increased demand for properties priced £500,001-£750,000, with enquiries up 40% Sales agreed in the week following the announcement saw the…
Read MoreStamp duty changes – Rightmove reaction and latest figures
There are over 510,000 properties that are under £500,000 on Rightmove in total, making up 81% of all properties for sale in England Over 291,000 properties under £500,000 are currently available for sale on Rightmove, making up 78% of all properties available for sale in England (i.e. they have not yet found a buyer) People…
Read MoreWillenhall fastest moving market as upper end Inner London takes slow lane
Over half of all newly listed properties for sale since the market reopened have already found a buyer in the Midlands market town of Willenhall, making it the fastest moving market in England The study reveals the slower markets are in Inner London and a few southern commuter towns including South Kensington, Paddington, Sunbury-on-Thames and…
Read MoreRecord day for overseas home-hunting as travel restrictions are eased
Searches for property overseas hit an all-time high as the government announced plans to relax blanket restrictions on non-essential overseas travel The surge in interest for homes abroad equated to more than one million searches in a single day – the first time Rightmove Overseas has surpassed this milestone This pent-up demand converted into enquiries…
Read MoreMost in-demand coastal locations – Oh we do want to be by Whitby seaside
A new study from Rightmove reveals the most in-demand coastal locations1, with Whitby in North Yorkshire topping the list followed by Whitley Bay in Tyne and Wear There is a difference of over £1 million between the cheapest and most expensive coastal areas: Sandbanks in Poole tops the pricey list with average asking prices of…
Read MoreNorthern towns bounce back better with surge in buyer demand – Rightmove
The top ten places with the biggest increase in buyer demand over the past two weeks compared to March are dominated by towns in the North West and Yorkshire and the Humber Picturesque and rural Hereford in the West Midlands is top of the list, and the seaside town of Hastings is the only place…
Read MoreHouse Price Index – Prices up as activity bounces back but 175,000 sellers missing from the market
Average asking price of property coming to market in England up by an average of 1.9% (+£6,266), compared to March before the housing market was put on hold Over 175,000 missing sellers that couldn’t come to market from 24th March to 12th May, but they’ve sprung into action with record number of owners asking for…
Read MoreFlats drop out of most sought after property types as home-hunters seek more space
The most sought after property types being enquired about on Rightmove are now all houses and bungalows, with all types of flat dropping out of the top five: Renters looking for a garden has led to studio flats being replaced with two bed houses as the most sought after property type Buyers on the hunt…
Read MoreRelease of pent-up demand leads to busiest ever day as more home-movers enter market
Rightmove records busiest ever day on Wednesday 27th May, surpassing six million visits for the first time and up 18% on the same Wednesday in May last year Search is turning into action with record levels of people phoning and emailing estate agents through Rightmove, also up 18% on the same day last year Over…
Read MoreFirst week of housing market reopening in England – the stats so far
First week in the rental market DEMAND Demand for rental property is up 33% compared to this time last year as the market reopens and renters jump into action, with Monday 18th May seeing the highest level of rental demand ever recorded in one day on Rightmove STOCK & LET AGREED …
Read MoreThe deposit gap: First-time buyers need additional £12,000 for 15% deposit
As the housing market reopens in England new analysis by Rightmove shows the average first-time buyer 10% deposit is currently £24,189, jumping to £36,284 if a 15% deposit is needed The current average asking price of a typical first-time buyer property in England is £241,891, which is 2% higher than this time last year. There…
Read MoreRightmove House Price Index – First day traffic up on last year, indicating demand to support price stability
With the reopening of the housing market in England, first day activity on Rightmove shows a release of pent-up home-mover momentum: Home-mover visits to Rightmove back to pre-lockdown levels on Wednesday 13th May with almost 5.2 million visits, up 4% on the same day a year ago Sales demand (unique enquiries) doubled from Tuesday to…
Read MoreMarket kick starts with rise in visits, new listings and enquiries to agents on Rightmove
Visits to Rightmove were up 45% on Wednesday morning compared to the previous day following the government’s surprise announcement to reopen the housing market1 Email enquiries sent to agents rose by 70% now that physical viewings can again take place2 New listings are also starting to rise, with 2,115 new properties added in just five…
Read More