Posts by Rightmove
Prices 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…
Read MoreAutumn 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…
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