Posts by Rightmove
Rightmove Rental Tracker 28/01/25
First drop in rents since pre-pandemic, as supply continues to improve The average advertised rent of properties coming to market outside of London has fallen this quarter for the first-time since pre-pandemic 2019, dropping by 0.2% to £1,341 per calendar month: Rents are still 4.7% higher than this time last year, but this is…
Read MoreRightmove’s weekly mortgage tracker 24/01/25
Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 5.02% +0.02% +0.05% 5-year fixed 4.80% +0.03% +0.13% Term Lowest rate Weekly change Yearly change 2-year fixed 4.22% +0.00% +0.14% 5-year fixed 4.07% +0.00% +0.19% Average fixed-term mortgage rates for home-buyers with 5-10% deposits Loan to Value (LTV)…
Read MoreSurge in demand for investment sector as interest rates drop
The latest insights from the UK’s number one commercial property website Rightmove reveals that there has been a surge in demand to invest in commercial property compared with the same period a year ago, as interest rates drop following the second Bank Rate cut. The trend marks a continued recovery for the investment sector as…
Read MoreRightmove House Price Index: Record number of sellers in promising start to 2025, but uncertainties ahead
The average price of property coming to market rises by 1.7% (+£5,992) this month to £366,189, the largest jump in prices at the start of the year since 2020: New seller asking prices are still nearly £9,000 below May 2024’s record, reflecting buyer affordability constraints A record number of early-bird new sellers have come to…
Read MoreRightmove’s weekly mortgage tracker – 16/01/25
Average mortgage rates drop despite mixed economic news Commenting on the drop in average rates this week, Rightmove’s mortgage expert Matt Smith says: “Despite all of the economic news we’ve had this week, average rates have fallen. It shows that despite the challenges affecting the mortgage market at the moment, lenders are keen to…
Read MoreSunbury-on-Thames is 2024’s price hotspot
New data reveals that Sunbury-on-Thames in Surrey is 2024’s price hotspot, with the average asking price for a home jumping by 12.5% compared to the previous year: Bristol City Centre is second on the list of hotspots, and Swinton in Manchester is third The rise in prices contrasts the more muted price growth on average…
Read MoreSearches spike in Cornwall’s Watergate Bay following ITV’s Playing Nice
Property searches for Watergate Bay in Cornwall jumped by 46% after it was featured as a location in ITV’s drama, Playing Nice: Searches for Watergate Bay jumped by 46% over the past week versus the previous week Rightmove platform visits peak between 8-9pm each day as many people spend the evening dual screening The busiest minute…
Read MoreRightmove’s weekly mortgage tracker 10/01/25
Commenting on the rise in UK borrowing costs and the potential impact on mortgage rates, Rightmove’s expert Matt Smith says: “The short term impact is that mortgage rates are likely to rise, as the cost of borrowing increases impacts lenders. However, this is unlikely to be significant and certainly not completely unexpected. Looking a bit…
Read MoreRightmove launches Selling Sunderland with Charlotte Crosby and local agents
Rightmove, the UK’s largest property website, has launched Selling Sunderland, a playful parody of glamorous property TV shows, celebrating Sunderland’s charm and local agent expertise. The campaign features Sunderland favourite TV personality Charlotte Crosby, who teams up with local agents to showcase the city’s unique appeal. Together, they guide prospective buyers through three distinctive properties, blending…
Read MoreRightmove: Busiest ever Boxing Day as home-hunters get ahead of a 2025 mov
Rightmove has recorded its busiest ever Boxing Day for new seller activity, with a record number of Boxing Day properties listed for sale by agents on the 26th December 2024: The number of new properties coming to the market for sale was 26% higher than Boxing Day 2023 The majority (46%) of homes put up…
Read MoreNumber of rental enquiries still double pre-pandemic, as rents predicted to rise 3%
The average number of enquiries sent to agents about each available property they have to rent is still nearly double the level it was in 2019, despite improvements in the balance between supply and demand: Each available property receives an average of 11 enquiries, nearly double the 6 at this time in 2019 This is…
Read MoreRightmove reaction to Bank Rate hold
Matt Smith, Rightmove’s mortgage expert says: “In a rollercoaster year for the mortgage market, we end the year with a hold in the Bank Rate at 4.75%. “While not the early Christmas present that many would have wanted, it was widely anticipated, and must be considered against a backdrop of inflation being at the top end…
Read MoreRightmove unveils new marketing campaign
Rightmove is launching a new marketing campaign from Christmas Day, just ahead of the Boxing Day bounce and New Year jump in home-mover activity. The new campaign is called ‘If they can find it, so can you’. It communicates that, with the UK’s largest choice of homes, everyone can find a home that fits their…
Read MoreRightmove House Price Index: Usual seasonal lull, as some movers wait for Boxing Day bounce
Usual seasonal lull, as some movers wait for Boxing Day bounce New seller asking prices drop by a seasonal 1.7% (-£6,395) this month to £360,197, in line with the usual December monthly fall, with sellers’ pricing power diminishing as Christmas approaches: Prices end the year 1.4% above December 2023, and Rightmove predicts that new…
Read MoreRightmove’s 2025 housing market forecast
A panel of experts from the UK’s biggest property website Rightmove shares five predictions for the 2025 home-selling and mortgage markets. New seller average asking prices will rise by 4% by the end of next year, and around 1.15 million transactions are expected, however 2025 is set to be a buyer’s market Beginning of…
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