Posts by Rightmove
Rightmove House Price Index – Subdued prices provide first-time buyer opportunity this autumn
Average asking price of property coming to market rises by relatively muted 1.0% (+£3,184) this month, the lowest monthly rate of increase at this time of year since 2010 Slowest sector is properties with two bedrooms or fewer with a 0.1% monthly price fall, a result of less active buy-to-let investor activity, giving first-time buyers…
Read MoreSome positive signs for Autumn market including start of London recovery
A monthly rise of 0.7% (+£2,088) in the price of newly-marketed property matches the average for September since 2011, though the annual rise remains muted at 1.2% Autumn market has stronger momentum in areas with better affordability and sentiment, with Wales, East Midlands, West Midlands and Yorkshire & the Humber all recording average annual price…
Read MoreHome-movers need to act now to move by Christmas
· Average asking prices of newly-marketed property show seasonal drop of 2.3% (-£7,218) this month, as new sellers launch a ‘late summer sale’ to try and find a buyer more quickly · Year-on-year sales agreed numbers (-0.8%) are holding steady with some upturn in prices and buyer activity expected in the Autumn, especially if buyers…
Read MoreLondon leads asking rent annual rise for first time since 2014
-Asking rents in Greater London increased to an average of £2,000 per month in Q2 2018, making it the region with the highest annual rate for the first time since Q4 2014 -The rebound is fuelled by a lack of new property choice for renters in London (down 3.5% on the same quarter last…
Read MoreHomes with a sea view attract a 29% price premium
-New analysis from Rightmove reveals homes with a sea view in seaside towns are up for sale for £68,000 or 29% more on average than those without -The highest price premium is in Felixstowe in Suffolk, where a sea view could attract a 57% premium or over £143,000 more -The national average asking price of…
Read MoreSummer sellers need to work harder as prices stand still
New seller asking prices hit usual summer slowdown this month resulting in virtual price standstill (-0.1% or -£248) Number of properties coming to market jumps up by 8.6% compared to same month last year, but no corresponding increase in buyer numbers to soak up new seller influx (sales agreed holding steady at -0.2% compared to…
Read MoreDwindling stock in north drives prices to new national record
New record in asking price of newly-marketed property for third consecutive month as steady monthly increases continue, with a 0.4% (+£1,364) rise Spring market concludes with stronger number of sales agreed overall in May, just 2.0% down on May 2017, and up 5.4% on May 2016 However, market conditions vary significantly between the north…
Read MorePrice of property coming to market reaches record high
Prices of new-to-the-market property rise by modest 0.4% (+£1,228) this month, but enough to push the national average to a new record of £305,732 Surpasses previous national high of £304,943 set in July 2017 by 0.3%, with six out of eleven regions also hitting new peaks Record monthly visits to Rightmove in March indicate…
Read MorePrices hit record highs in first-time and second-stepper sectors
Average asking price of newly-marketed property jumps by 1.5% (+£4,503) this month as strong demand from home movers in the first two months of the year now feeds through to stronger upwards price pressure: First-time and second-stepper sectors hit all-time price highs of £189,840 and £272,031 Overall average prices also hit new record in…
Read MoreNewport named fastest moving market as available properties up for sale drop by a third
Time to secure a buyer in the Welsh city drops from 76 to 52 days over the past year Upcoming scrapping of Severn Bridge tolls and priced-out buyers from Bristol have led to a surge in buyers flocking to the Welsh city of Newport with agents reporting lengthy buyer waiting lists The demand has led…
Read MoreRecord home-hunter activity fuels rises in most regions
Active start to 2018 as housing demand continues to be resilient: Price of property coming to market up by an average of 0.8% (+£2,414), indicating cautious optimism among new sellers All regions see price rises except for marginal fall of just £131 in the South West January busiest month ever on Rightmove with home-hunter visits…
Read MoreBusy start to 2018 with increased home-hunter activity
Early traffic data indicates a busy start to 2018, with Rightmove visits up by an average of over 9% so far in January compared to same period last year1, averaging over 4 million visits per day Average price of property coming to market is up 0.7% (+£2,067) this month on Rightmove, tracking over 90%…
Read More2017’s housing market: Sudbury highest price growth, sold fastest in Livingston & Bristol most searched for place
As 2017 comes to a close Rightmove has looked at the best performing local markets across Great Britain this year. Highest asking price growth Sudbury in Suffolk comes top this year for homes increasing in value the most, with the average asking price of a property rising by 13.1% from £234,569 to £265,291. That’s compared…
Read More2018: A tale of different markets leads to Rightmove forecast of +1%
National average forecast of 1% growth in new seller asking prices in 2018 as the net result of upwards price pressures in some sectors and locations mitigated by negative price forces in others: Price growth in lower and middle sectors of the market set to continue in 2018, with Rightmove forecasting average growth of…
Read MoreMiles Shipside comments on today’s stamp duty announcement:
Rightmove Director and Housing Market Analyst Miles Shipside comments on today’s stamp duty announcement: “First-time-buyers should think about acting quickly to take advantage of this stamp duty ban, before the extra demand it creates pushes up prices and starts to eat away at the extra cash this Stamp Duty exemption will free up. The Government…
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