Posts by Rightmove
House 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 MoreHome-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,…
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