Breaking News
Rightmove House Price Index: New records set and forecasts rise in extraordinary times
New national record for average price of property coming to market, with a 1.1% (+£3,534) monthly rise Prices now 5.5% (+£16,818) higher than a year ago, the biggest rate of increase for over four years, with Rightmove now forecasting annual growth rate to peak at circa 7% by December Activity levels also hit three new…
Rightmove
New Online Agent looks to remove risk for Landlords
Any letting agent that has the interests of it’s landlords at heart will certainly do well and especially in the current climate where managing a property portfolio might not be the easiest profession under the sun. A new online estate and lettings agency will focus exactly on this, Stockport-based company Three Sixty Living, and also…
EAN Breaking News
Record rents outside London & demand shift creates challenge for smaller flats
Asking rents have hit a record outside London to £964 per month, driven by record demand from renters London is only region where rents are falling, down 6.8% in Inner London, while Outer London is up by 0.8% Two bedroom houses have replaced studio flats as the most in demand property type, as post-lockdown renters…
Rightmove
Former Glasgow hospital site will offer 100’s of new homes
A recent news story from Scottish Housing News shows that 403 new homes are proposed to be built at the site of the former Ruchill Hospital in north Glasgow. “If approved, the homes will consist of 160 one and two-bedroom flats and 243 three and four-bedroom homes.” The site will see a selection of flats…
EAN Breaking News
National Federation of Builders Past National Chair receives CBE
Simon Carr, past National Chair of the National Federation of Builders (NFB) and Managing Director of Henry Boot Construction Limited, is appointed Commander of the Order of the British Empire (CBE) in this year’s Queen’s Birthday Honours List. While National Chair at NFB Simon focused on both the challenges and barriers to growth that…
National Federation of Builders
University of Liverpool to sell off halls for residential development
Suggested that the current site of the Carnatic halls is no longer fit for purpose, ie to hold student, the best thing to both improve the bank balance and also help towards local housing is to put out the site for residential development. “Operating for more than 50 years, the ageing nature of the buildings…
EAN Breaking News
Property searches surge in smaller communities as country escape continues
Areas with populations of under 11,000 saw the biggest uplift in buyer searches in September, as people look to move to smaller places in the countryside All of the places where searches have doubled are small towns, villages and civil parishes, in contrast to searches being up 53% on average across the ten biggest cities…
Rightmove
Trade up gap hits record of £68,000 for buyers needing space
Home movers are having to pay almost £68,000 on average to move from a two bed flat to a three bed house outside London, £4,000 more than this time last year Asking prices of two bed flats have increased by 15% over the past five years, while three bed houses have jumped by 20%, leading…
Rightmove
Million pound home sales outpacing the market
Houses for sale at £1 million and above are finding a buyer 18 days more quickly on average than this time last year, outperforming the nine day drop seen across the whole market The level of million pound homes finding buyers is also beating the wider market, with sales agreed doubling in August (+105%), compared…
Rightmove
Rightmove House Price Index: Price record for larger homes as buyers compete for space
Price record for larger homes as buyers compete for space Price of property coming to market up 0.2% this month, just £269 below the record set in July: Second-stepper sector of three- or four-bedroom homes hits new record of £291,618, as more buyers seek larger homes Northern regions strongest for price jumps, with…
Rightmove
Sellers twice as likely to sell if priced right first time
Sellers are twice as likely to find a buyer for their home if they have an offer accepted on the first listed asking price: A study of 300,000 newly-listed homes across four months shows those that needed to be reduced had a one in three chance of finding a buyer (32%) within the timeframe, compared…
Rightmove
Chessington is in, busy interchanges are out for renters
More renters are looking to move to the Home Counties as office-based working and rail commutes become less frequent, new Rightmove data can reveal Cambridge has seen the biggest annual rise in rental searches outside London, up 76%, while Chessington in Kingston upon Thames, up 99%, is the capital’s new rental hotspot The study, based…
Rightmove
Major restorations planned for Nottingham’s historic buildings
Exciting plans to restore historic buildings in the centre of Nottingham are in the pipeline, thanks to a conservation area grant scheme. Four shops on Market Street together with ten on Wheeler Gate have been awarded grant funding from Nottingham’s Heritage Action Zone, which will see their historic shop fronts and features reinstated, helping…
EAN Content
Ten-year high for homes selling in a week as stamp duty holiday speeds up market
The number of homes selling within a week of coming to market is up 125% compared to the same period last year, and is the highest number recorded over the past ten years One in seven homes sold by agents since the stamp duty holiday was announced on 8th July sold within a week, compared…
Rightmove
May 2020 UK HPI from HM Land Registry
This is the second publication of the UK House Price Index since May 2020 following the decision to suspend the index as a result of the effect the COVID-19 pandemic had on the reporting of the data. Between now and 21 October, we will be publishing the reports that were meant to be published…
HM Land Registery