Posts by Rightmove
Runcorn 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…
Read MoreRightmove 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…
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