Posts by Rightmove
Sellers 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…
Read MoreHouse 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…
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