Posts by Rightmove
Home-movers determined to move post lockdown & buyers look out-of-city
94% of buyers and sellers currently in market say they’re going ahead with sales already agreed or plan to continue post lockdown1 Visits to Rightmove are up over 20% when compared with the first few days of lockdown as more people staying at home start to think about moving2 Signs of a shift in prospective…
Read MoreRental searches for homes with gardens hit record high for the year
Searches by renters looking for a garden are the highest they’ve been this year on Rightmove, and are now almost double the level compared to the first week of lockdown: Total rental searches dropped 35% as lockdown began and physical viewings were put on hold Since then rental searches have been recovering and are now…
Read MoreRightmove House Price Index – Estate agents go virtual and homeowners research during market pause
Not enough properties coming to market to provide meaningful new seller asking prices this month Abrupt turnaround from best start to a year since 2016 to new sales now being almost impossible. Pre-lockdown sales agreed in the year to 23rd March were 11% up on the same period last year Existing sellers stay on the…
Read MoreRightmove House Price Index – Sales surge pushes new-to-market prices to record high
Sales surge pushes new-to-market prices to record high Average new seller asking prices hit record high of £312,625, pushing annual price growth to 3.5% Record prices fuelled by strong buyer demand and lack of supply compared to the same period a year ago: Number of sales agreed up by 17.8%, to the highest at this…
Read MoreRightmove House Price Index – Buyer boom sets scene for new price records this spring
The price of property coming to market rises by 0.8% (+£2,589) this month, just £40 short of a new all-time high as momentum builds ahead of the spring market Boom in buyer activity outstrips rise in number of new sellers, building upwards price pressure: Rightmove monthly traffic up by 7.2% on prior year to new…
Read MoreBusiest ever month on Rightmove as confidence returns to the market
Visits to Rightmove surpassed 150 million for the first time on Rightmove in January, making it the busiest month ever recorded as home-hunters looked to take advantage of a more certain political outlook. There were over 152 million visits to Rightmove in January, a 7% increase on January 2019. The previous record for the…
Read MoreAsking rents rise nearly twice as fast in London versus rest of Great Britain over past decade
London asking rents hit a new record average of £2,119 per calendar month (PCM) as ongoing lack of supply means rents are 4.2% higher year-on-year, and the rest of Great Britain is up 2.4% Over the past 10 years London asking rents have risen almost twice as fast as the rest of Great Britain: Average…
Read MoreRightmove House Price Index – Post-election bounce as optimism returns
Post-election bounce as optimism returns 3% (+£6,785) surge in the price of property coming to market, the largest monthly rise we have ever recorded at this time of year Increased optimism also releasing pent-up demand as would-be buyers judge the election result gives a window of stability Over 1.3 million buyer enquiries since election,…
Read MoreBristol is most popular place outside London for home hunters
Bristol has been crowned the most searched for place outside of London for both buyers and renters in 2019, new Rightmove data has revealed. The average asking price of property in Bristol is £316,410, which is around £283,000 cheaper than in the capital, while homes for sale in Bristol spent an average of 50…
Read MoreRightmove House Price Index – 2020 forecast of 2% price rise as election gives window of certainty
Rightmove predicts 2% rise in price of property coming to market in 2020 as majority government gives home-movers a window of certainty for an active spring moving season Demand for property remains resilient as we move into 2020, though lack of supply is a concern: The monthly decrease (-0.9%) is the smallest at this time…
Read MoreThe nation’s busiest minute for home-hunting: 8.48pm on a Wednesday
New Rightmove data reveals that 8.48pm on a Wednesday is the most popular time for people looking for their next home1 Visits to Rightmove’s platforms peak between 8-9pm each day as many people spend the evening dual-screening Home hunters are set to get ready for a post-Christmas rush, which last year saw traffic on Rightmove2…
Read MoreRightmove House Price Index – Looming election deters sellers but cheaper prices tempt buyers
The price of property coming to market falls by 1.3% (-£3,904) this month, and while drops are usual at this time of year it suggests opportunities for buyers to find a winter bargain 9% fewer new sellers than in the same period a year ago, deterred by lacklustre price growth and political uncertainty, the largest…
Read MoreRightmove House Price Index
Buyer numbers hold steady as speculative sellers stay away Smaller than usual Autumn price bounce, with price of property coming to market seeing its lowest monthly rise at this time of year since October 2008, up by just 0.6% (+£1,942) Number of sellers coming to market down by 13.5% compared to this time last…
Read MoreRightmove Rental Trends Tracker – Landlords plan to reduce portfolios in spite of record asking rents
A shortage of new stock to choose from, coupled with strong demand from tenants, has led to record asking rents in all areas across Great Britain except Scotland and the North East: Asking rents outside London are at a peak of £828 per calendar month (PCM), seeing the biggest quarterly jump in rents at this…
Read MoreRightmove House Price Index
Autumn opportunity for ‘keep your nerve’ buyers as uncertainty bites again The price of property coming to market falls by 0.2% (-£730) this month, the first fall at this time of year since 2010 No sign of autumn bounce yet, with signs that heightened political uncertainty is causing some to hesitate, giving a better…
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