Posts by Rightmove
Autumn Sale as price cuts by existing sellers hit five-year high
New and existing sellers react to quieter time of year by launching their own Autumn Sale to tempt buyers: New-to-the-market sellers trim the asking price of property this month, albeit by a modest 0.8% (-£2,392) Over one-third (37%) of properties already on the market have reduced their asking price since first listing – the…
Read MoreSecond-stepper sellers most likely to find a buyer before Christmas as prices jump 1.1%
1% (+£3,432) rise in average asking prices of 104,000 newly marketed properties compared to previous month New sellers ask higher prices in eight out of ten regions despite sales agreed numbers being down in nine of the ten this month compared to September 2016 Average time to find a buyer is 63 days, so with…
Read MoreFirst Autumn rental price standstill as South East records annual fall
National asking rents outside London dropped by 0.2% in the third quarter of 2017, the first drop recorded at this time of year Drop fuelled by the South East with rents down 2.3% on last quarter, and down annually for the first time, due to steadily increasing supply since last year’s second home stamp duty…
Read MoreNo sign of usual autumn price bounce as London drag continues
Price of property coming to market falls by 1.2% (-£3,660) this month, the first monthly fall at this time of year since 2013 National average price fall exacerbated by London continuing to readjust and smaller falls in the other southern regions Potentially good news for buyers’ finances with average earnings of +2.1% now almost double…
Read MoreMid-country hot-spots enjoy mini-boom in annual price growth
Holiday season casts its usual shadow with price of property coming to market falling by 0.9% (-£2,758) this month Climate of stretched affordability and clouded political outlook continue to chill the annual rate of increase to a national average of just +3.1% Of the English counties exceeding the 3.1% average annual rise, over half…
Read MoreRightmove experiments with ‘Rent London’ Facebook Messenger bot and iOS app
Rightmove is testing out new ways for home hunters to interact when searching for a home to rent. An experimental Facebook Messenger bot has been created for people searching in London for a place to rent, and is available to anyone by searching for ‘Rent London’ within Facebook Messenger. Using Messenger’s conversational style interface, renters…
Read MorePlethora of sold boards restricts choice as buyer demand remains strong
Newly-marketed property prices at virtual standstill, up by 0.1% (+£312) as we enter quieter holiday season Fundamentals remain good mid-year with robust demand, low interest rates and low unemployment: Sales agreed numbers remain strong year-to-date in 2017, almost identical to 2016 Prospective buyers in many parts of the country are seeing the highest proportion…
Read MoreAsking rents hold up despite 7% uplift in available supply
Asking rents outside London rose 2.8% in the second quarter of 2017, in line with the 2.7% average seen over the past five years at this time of year More choice for tenants: Number of available properties on the rental market outside London 7% higher than this time last year, and up 8% in…
Read MoreSales still strong, but prices fall in June for first time since 2009
The number of sales agreed at this time of year is the second highest for ten years, only slightly lower than the high of May 2014 However, spring price momentum stalls as price of property coming to market drops by 0.4% (-£1,172), the first fall in June since 2009 at the height of the credit…
Read MoreRightmove House Price Index – Another price record is set:
Rightmove House Price Index – Another price record is set as the under-elevens keep the market moving: Price of property coming to market rises for fifth consecutive month, up 1.2% (+£3,626) to a new record Typical family homes see biggest price rise, recording a 5.4% year-on-year jump Home-owners with children under eleven keep the market…
Read MoreNew price record and best sales since 2007 should mitigate pre-election jitters
Price of property coming to market hits record high, up 1.1% (+£3,547) to £313,655 this month, though lower than the average increase of 1.6% at this time of year over the past seven years Overall annual pace of increase continues to slow, now at 2.2%, the lowest for four years: First-time buyer sector is driving…
Read More12% jump in number of available rental properties leads to slowest annual rate of increase since 2014
Over-hang of last year’s buy-to-let surge leads to more choice for tenants and slower annual rate of increase in rents: Number of available rental properties on Rightmove up 12% compared to the same period last year Annual asking rent growth of 1.8% is the lowest since Q4 2014, and less than half the annual growth…
Read MoreParents paying £52,000 more on a home to secure a place at an outstanding state primary school
With 86% of ‘outstanding’ state primary schools oversubscribed in England2, parents are paying an average asking price premium of £52,000 to live in the successful admission area of one This 18% price premium is compared to living in admission areas of Ofsted grade 3 schools The ‘Primary School Premium’ study combines the largest asking prices…
Read MoreMidlands leads the country as price of property coming to market jumps 1.3%
Price of property coming to market increases by 1.3% (+£3,877) this month, the same average rise as in buy-to-let-boosted March 2016 Monthly rise of this size has only been exceeded once at this time of year since 2007 Modest annual growth of 2.3% compared to 7.6% in March 2016, highlighting slower pace of increase…
Read MoreLowest annual increase since 2013 gives warning to over-pricing sellers
Annual rate of increase lowest since April 2013 at +2.3%, though overall demand remains strong: Rightmove traffic at record January levels, with visits up 3% on January 2016’s buy-to-let boosted period Investor sectors understandably quieter than this time last year on number of properties coming to market and number of properties sold Slower rate of…
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