Posts by Rightmove
New 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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