Posts by Rightmove
Rightmove 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,…
Read MoreBristol is most popular place outside London for home hunters
Bristol has been crowned the most searched for place outside of London for both buyers and renters in 2019, new Rightmove data has revealed. The average asking price of property in Bristol is £316,410, which is around £283,000 cheaper than in the capital, while homes for sale in Bristol spent an average of 50…
Read MoreRightmove House Price Index – 2020 forecast of 2% price rise as election gives window of certainty
Rightmove predicts 2% rise in price of property coming to market in 2020 as majority government gives home-movers a window of certainty for an active spring moving season Demand for property remains resilient as we move into 2020, though lack of supply is a concern: The monthly decrease (-0.9%) is the smallest at this time…
Read MoreThe nation’s busiest minute for home-hunting: 8.48pm on a Wednesday
New Rightmove data reveals that 8.48pm on a Wednesday is the most popular time for people looking for their next home1 Visits to Rightmove’s platforms peak between 8-9pm each day as many people spend the evening dual-screening Home hunters are set to get ready for a post-Christmas rush, which last year saw traffic on Rightmove2…
Read MoreRightmove House Price Index – Looming election deters sellers but cheaper prices tempt buyers
The price of property coming to market falls by 1.3% (-£3,904) this month, and while drops are usual at this time of year it suggests opportunities for buyers to find a winter bargain 9% fewer new sellers than in the same period a year ago, deterred by lacklustre price growth and political uncertainty, the largest…
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Buyer numbers hold steady as speculative sellers stay away Smaller than usual Autumn price bounce, with price of property coming to market seeing its lowest monthly rise at this time of year since October 2008, up by just 0.6% (+£1,942) Number of sellers coming to market down by 13.5% compared to this time last…
Read MoreRightmove Rental Trends Tracker – Landlords plan to reduce portfolios in spite of record asking rents
A shortage of new stock to choose from, coupled with strong demand from tenants, has led to record asking rents in all areas across Great Britain except Scotland and the North East: Asking rents outside London are at a peak of £828 per calendar month (PCM), seeing the biggest quarterly jump in rents at this…
Read MoreRightmove House Price Index
Autumn opportunity for ‘keep your nerve’ buyers as uncertainty bites again The price of property coming to market falls by 0.2% (-£730) this month, the first fall at this time of year since 2010 No sign of autumn bounce yet, with signs that heightened political uncertainty is causing some to hesitate, giving a better…
Read MoreRightmove 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…
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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…
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