Posts by Rightmove
Rightmove House Price Index – Pre-Brexit buying spree with sales agreed up by 6.1%
Pre-Brexit buying spree with sales agreed up by 6.1% Seasonal monthly fall in price of property coming to market, down 1.0% (-£3,192), a better performance than usual in August, pushing the annual rate of increase to 1.2% Buyers spurred into action by improved affordability and opportunity of securing a deal prior to Brexit deadline:…
Read MoreTenant demand uplift seven times the norm as Tenant Fees Act comes in
-Demand from tenants looking for a new place increased 7% between May and June, an uplift seven times bigger when compared to the previous four-year average of just 1% at this time of year -In London there was a 13% increase in demand from May to June, compared to a four-year average of 4% -Agents…
Read MoreFirst drop in prices this year signals buyers’ market in second half of 2019
The price of property coming to market falls by 0.2% (-£656), the first monthly fall so far in 2019 Key metrics indicate a buyers’ market in the second half of 2019: Less property is coming to market, but it is taking longer to secure a buyer, so estate agents’ average stock per branch is at…
Read MoreIndustry comment on the latest Rightmove House Price Index
Founder and CEO of Springbok Properties, Shepherd Ncube, commented: “These latest figures suggest that a degree of seller optimism has returned to the UK market with a consistent increase in asking prices so far this year pushing the national average close to a new record. However, sellers should still approach with an air of caution…
Read MoreRightmove House Price Index
Price Of Property Coming To Market Within A Whisker Of New Record The price of newly-marketed property rises by an average of 0.3% (+£1,058) this month New all-time price highs in East Midlands, North West, Wales and Yorkshire & the Humber push the national average to within £91 of a new record despite backdrop…
Read MoreRightmove House Price Index – Regional price records defy Brexit uncertainty
Regional price records defy Brexit uncertainty Price of newly-marketed property increases by an average of 0.9% (+£2,841) this month, buoyed by the spring market and consistent with the previous two-year average of 1.0% Four out of eleven regions are bucking any Brexit blues and have set new asking price records for newly-marketed property: Prospective buyers…
Read MoreLondon asking rents hit record high with highest annual rate of 8.2%
-London’s average asking rents have increased by 8.2% in the last year, with the average rental property in the capital now averaging a record £2,093 per month The 8.2% increase is the highest annual rise in London since Rightmove began reporting this data back in 2012, while average asking rents in London are up…
Read MoreNo Brexit deal yet, but families are doing housing deals
Price of new-to-the market properties increases by an average of 1.1% (+£3,447) this month, the biggest month-on-month rise for over a year and the largest at this time of year since 2016 Family home sector outperforming other sectors in key metrics as their housing needs outweigh uncertainty: Holding value better, with average 0.7% year-on-year price…
Read MoreUsual spring buoyancy weighed down by Brexit uncertainty
The average price of property coming to market rises by just 0.4% (+£1,287) this month, as the traditionally busier spring market gets off to a subdued start: Lowest average monthly rise at this time of year since 2011, though London is the main drag Prices remain more buoyant outside London with nine out of 11…
Read MoreWhat’s occurring? Barry tops the list for house price growth in Great Britain
The home of one of the nation’s favourite sitcoms is currently Great Britain’s hottest market for property asking prices, new Rightmove data can reveal. Barry, in the Vale Of Glamorgan in Wales, which fans of BBC’s Gavin and Stacey will know as Stacey’s hometown, is currently the most thriving housing market with average asking prices…
Read MoreRuncorn becomes property hotspot with homes selling 21 days quicker than last year
Runcorn is the place where house sales have sped up the most compared to this time last year, with the average home selling in 48 days, almost a month faster than the national average Agents report that the opening of the Mersey Gateway Bridge coupled with a lack of stock has led to the drop…
Read MoreHousing affordability improves at fastest rate for eight years
National average price of newly-marketed property rises by 0.7% (+£1,981) this month, consistent with the average 0.6% February uplift in the previous two years With the average annual rate of growth at only 0.2% (+£714), annual wage growth of 3.4%* is now outstripping asking prices at the fastest rate since 2011, improving buyer affordability New…
Read MoreMuted rise in prices but market moving with 5% uplift in home-hunting
First data-driven indicators of the year show home-movers remain active: Price of property coming to market rises by 0.4% (+£1,207) this month, the lowest monthly rise at this time of year since January 2012 National average dragged down by new-to-the-market sellers realising they have less pricing power than usual given the current market backdrop, especially…
Read MoreLondon asking rents hit record high as available properties dwindle
-Average asking rents in London rose to an all-time high by the end of 2018, surpassing the previous peak from almost three years ago in Q1 2016 Asking rents in the capital are now increasing at an annual rate not seen since Q1 2015 Compared with this time last year, available rental stock in London…
Read More3.2% price fall over last two months tempts bargain-hunting buyers
The price of property coming to market drops by 1.5% (-£4,496) this month with new seller asking prices now on average nearly £10,000 lower than in October This is the biggest fall over two consecutive months since 2012, as sellers try to attract buyers despite a combination of the usual Christmas slowdown, stretched affordability…
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