Rightmove HPI October 2015

October 19, 2015
Rightmove logo

Rightmove October HPI highlights that First-time buyer prices surge nearly 10% in a year.
Highest ever national average price of property coming to market, up by 0.6% (+£1,715) this month to £296,549- and 5.6% more expensive than a year ago.
New record fuelled by high demand for first-time-buyer properties, with prices up 4.9% on last month and 9.6% (+£16,105) over the past 12 months.
Vicious circle as high tenant demand leads buy-to-let investors to go head-to-head with first-time-buyers.
Many letting agents report ‘same-day’ rentals and little or no property to rent.
Number of first-time-buyer properties (two bedrooms or fewer) coming to market down by 8% on same period a year ago, exacerbated by first-time sellers struggling with second-step price gap.
Rightmove advises first-time buyers how to get on a level playing field versus landlords by winning over the hearts, minds and pockets of sellers.

Visit rightmove website to see full HPI report and comments from Miles Shipside, Rightmove director and housing market analyst. http://www.rightmove.co.uk/news/house-price-index/october-2015

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

More tenants enter the rental market

Tenant demand climbs across England in Q1 as rental market pressure builds for letting agents The latest research by The Letting Partnership has found that tenant demand across England remained strong during the first quarter of 2026, with 27.4% of all rental listings already securing a tenant, meaning that the country’s hottest rental markets are…
Read More →
Estate Agent Talk

7 Ways Estate Agents Can Adapt to a Changing Property Market

The UK property landscape is evolving rapidly, and estate agents are under increasing pressure to implement innovative strategies. With shifting buyer expectations, new technologies, and alternative sales models entering the market, adapting your approach is essential. So, if you’re looking to see success with your agency, here are just seven key ways you can remain…
Read More →
Letting Agent Talk

Spring clean drives high maintenance bill for landlord

The latest market insight from property management specialist, Rushbrook & Rathbone, suggests that property maintenance spend is set to surge in April, as the annual ‘spring clean’ by landlords saw the month account for the second highest proportion of total annual maintenance spend in 2025, as well as the largest average spend per work order. Rushbrook…
Read More →
Breaking News

65% of homebuyers blame slow process on conveyancers

The latest research from Lyons Bowe reveals that 65% of recent homebuyers say the conveyancing process was the slowest part of their buying process, with a quarter saying the legal back and forth took more than 16 weeks to complete. Lyons Bowe commissioned a survey of 1,000 UK homeowners who made a purchase in the past…
Read More →
Breaking News

UK Construction Activity Collapses

Glenigan’s April Construction Index uncovers an industry struggling to cushion the blows from ongoing international conflict and a persistently weak economy. Work starting on-site declined by 17% compared to Q4, remaining 18% below 2025 levels. Residential construction starts dropped by 13% during the Index period and fell by 30% against 2025 figures. Non-residential project-starts dipped…
Read More →
Breaking News

Homebuyer demand down in Q1 2026

Buyer demand slips in Q1 2026, with South of England outperformed by North and Midlands The latest Sales Demand Index from eXp UK has revealed that homebuyer demand in England slipped by -1.6% in Q1 2026. The analysis also reveals a clear north-south divide with counties located in the midlands or north of the country recording…
Read More →