Posts by Rightmove
Record high rents as landlords brace for budget impact
Average advertised rents outside London hit a 19th consecutive quarterly record of £1,344 per calendar month (pcm), up 5.2% from last year, although this is the slowest rate of growth since 2021 London rents also hit a new record at £2,694 pcm, 2.5% higher than last year (£2,627 pcm) The balance between supply and demand continues…
Read MoreFirst-time buyer mortgage payments still over £350 more than five years ago
Ahead of the Autumn Budget, the latest data from Rightmove’s weekly mortgage tracker highlights that the average first-time buyer monthly mortgage payment is over £350 more than five years ago: The average monthly mortgage payment for a typical first-time buyer is now £931, compared with £578 in 2019 – however, payments are still over £150…
Read MoreRightmove’s weekly mortgage tracker 04/10/24
The average 5-year fixed mortgage rate is now 4.57%, down from 5.43% a year ago The average 2-year fixed mortgage rate is now 4.90%, down from 5.92% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.59%, down from 5.51% a year ago The average 60% LTV 5-year fixed mortgage rate is now 3.89%, down from 5.01% a year ago The average monthly mortgage payment on a…
Read MoreBritain’s fastest and slowest markets revealed from Carluke to Chelsea
Rightmove’s Speed of Market Tracker reveals that Carluke in Lanarkshire is Britain’s quickest-selling market, with the average home finding a buyer in just 15 days Giffnock is second (16 days) and Uddingston is third (17 days), both commuter towns to central Glasgow It currently takes 33 days on average to find a buyer in Scotland,…
Read MoreRightmove’s weekly mortgage tracker – 25/09/24
The average 5-year fixed mortgage rate is now 4.58%, down from 5.53% a year ago The average 2-year fixed mortgage rate is now 4.93%, down from 6.07% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.61%, down from 5.60% a year ago The average 60% LTV 5-year fixed mortgage rate is now 3.87%, down from 5.15% a year ago The average monthly mortgage payment on a…
Read MoreWrexham is Britain’s busiest rental market with 54 enquiries per home
Rightmove’s Demand Tracker reveals that Wrexham is the busiest rental market, with letting agents receiving an average of 54 enquiries per available property: This compares to an average of 19 enquiries per rental property across Great Britain Glasgow (52 enquiries per property) is second and Bristol (51 enquiries per property) is third Average advertised rents…
Read MoreRightmove reacts to Bank of England rate hold
Reacting to today’s Bank Rate hold, Matt Smith, Rightmove’s mortgage expert said: “We’re still expecting two rate cuts before the end of the year, and home-movers should continue to see a downward trend in mortgage rates this side of Christmas. I think overall, there’s likely to be quite a moderate response from lenders in response…
Read MoreRightmove: St Albans named Great Britain’s most expensive city to rent
St Albans named Great Britain’s most expensive city to rent outside London New analysis reveals St Albans as the most expensive city to rent outside London, with average advertised rents of £2,307 per calendar month (pcm), 71% above the national average Oxford follows closely, with rents averaging £2,237 pcm, while Cambridge is third most…
Read MoreRightmove launches new Renovation Calculator
Rightmove has launched a unique new tool to help people explore the added value that existing, or planned renovation works might have on a property. The new Renovation Calculator is an enhancement to Rightmove’s Instant Online Valuation tool. Once people receive an instant online valuation of a property’s price, they now have the option to…
Read MoreRightmove House Price Index 16th September 2024
Autumn action starts early as movers spot window of opportunity Average new seller asking prices rise by 0.8% (+£2,974) this month to £370,759. September usually sees a monthly rise in prices, but this year’s increase is double the long-term average, with prices supported by increased activity levels The traditionally busier Autumn market appears to…
Read MoreSuperstitious Brits avoid moving house on Friday 13th
Rightmove today (13th September), reveals that people avoid moving on Friday the 13th, despite Friday usually being the busiest day of the week for people collecting the keys to their new home Analysis of data since 1995 reveals Friday the 13th is the quietest day for completions compared to any other Friday What’s more,…
Read MoreRightmove’s weekly mortgage tracker 12th September 2024
Headlines The average 5-year fixed mortgage rate is now 4.67%, down from 5.64% a year ago The average 2-year fixed mortgage rate is now 5.03%, down from 6.22% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.70%, down from 5.71% a year ago The average 60% LTV 5-year fixed…
Read MoreSurge in larger homes listed for sale as Autumn statement looms
New real-time analysis from Rightmove shows there has been a surge in larger properties being put up for sale in the last week The number of top-end homes coming to the market for sale – covering four-bedroom detached houses and all five bedroom or larger homes – is now 15% ahead of the same…
Read MoreRightmove agrees new partnership with Women in Estate Agency
Rightmove, the UK’s largest property website, today announces that it has agreed a new two-year partnership with the property network Women in Estate Agency (WIEA). WIEA is formed of a range of property industry professionals, both women and men, who give their time to drive change and equality for women across the estate agency sector.…
Read MoreRecord levels of former rental homes for sale
The proportion of former rental properties moving into the sales market is at its highest on record, indicating more landlords are selling up, some potentially driven by the mooted increase in Capital Gains Tax in the Autumn Statement on 30th October: 18% of properties now for sale were previously on the rental market, compared with…
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