Posts Tagged ‘rightmove’
A spotlight on Liverpool: Formby is the most searched for location
All eyes are on Liverpool this week as it hosts the Eurovision Song Contest and new analysis from the UK’s biggest property website Rightmove reveals the latest trends in the city and its surrounding areas Formby is the most searched for location around the Liverpool area, followed by Crosby & Maghull The average asking price…
Read MoreFalkirk is home to Britain’s fastest selling market
New analysis reveals that Falkirk in Stirlingshire is Britain’s quickest selling market, with Broxburn in West Lothian second and Renfrew in Renfrewshire in third It’s taking longer to find the right buyer in areas near the coast compared with a year ago, while it is homes in city commuter belts that are finding a buyer…
Read MoreRightmove House Price Index: Better than expected market surprises many as buyers return
Average new seller asking prices remain flat this month, rising by just £14 (+0.0%), the smallest ever increase from January to February and a sign that more sellers are heeding their agents’ advice to price right first time Increasing numbers of buyers are returning, with the market starting 2023 much better than many expected: The…
Read MoreRightmove rental tracker: Rents hit another record but tenant competition starts to ease
National average asking rents outside London have hit a record of £1,172 per calendar month (pcm), taking average rent increases for newly listed properties to 9.7% for 2022: London also reaches a new record asking rent of £2,480 pcm and Inner London rents surpass £3,000 pcm for the first time There are signs that competition…
Read MoreEastwood in Nottinghamshire is 2022’s price hotspot
Rightmove analysis of the year reveals Eastwood in Nottinghamshire is 2022’s price hotspot, with average asking prices for homes in the area rising by 29% The average price for a home in Eastwood was £231,381 in 2022, compared to £179,194 the previous year, while the average monthly mortgage payment for a new buyer with a…
Read MoreBoxing Day bounce as record number of sellers come to market
A record number of new sellers put their property up for sale on Rightmove on Boxing Day, a 46% jump on the previous year Prospective sellers also got ready for a New Year move, with the number of people contacting estate agents to value their home between Boxing Day and New Year’s Day the highest…
Read MoreRightmove House Price Index: Prices fall as some movers wait for calmer 2023
Average price of property coming to market drops by 2.1% (-£7,862) this month, a bigger dip than usual at this time of year as some determined sellers price aggressively to tempt hesitant buyers: 2022 ends with new seller asking prices 5.6% higher than a year ago, versus 6.3% annual growth in 2021 Rightmove forecasts that prices…
Read MoreDemand shifts from sale to rental following financial uncertainty
Demand for homes to rent has jumped as some aspiring buyers put their plans on hold in the hope that mortgage rates will drop in the new year: The number of people enquiring about homes to rent is up 23% on this time last year, and the total number of home-movers in the market looking…
Read MoreRightmove data on council tax increase
Following today’s announcement about councils being given the power to increase council 5%, new Rightmove data analyses council tax by local authority in England as a proportion of rent and mortgage payments, showing that people in Hartlepool pay council tax that is equivalent to 22% of their annual mortgage payment, versus just 1% of their…
Read MoreFirst-time buyers reduce energy use & going out to save for a deposit
Rightmove’s new study reveals that determined first-time buyers are cutting back on going out and using as much gas and electricity to still be able to save up for a deposit: The most common things they are cutting back spending on are going out, their levels of energy use, holidays, their food shop and streaming…
Read MoreRightmove House Price Index: Financial uncertainty continues though price drop in line with the norm
The average price of property coming to the market drops by 1.1% (-£4,159) this month, which despite the weight of financial uncertainty is in line with the average 1.1% drop recorded in November during the pre-pandemic years of 2015-2019 The proportion of properties seeing a reduction is only slightly up on pre-pandemic levels, though a…
Read MoreRents hit new record & city tenants down-size to studio flats
National average asking rents outside London have hit a new record, now £1,162 per calendar month (pcm): Asking rents jump by more than 3% this quarter (+3.2%) for only the third time on record Average London rents rise to £2,343 pcm, leading to the biggest ever annual jump of 16.1% More new rental properties are…
Read MoreRightmove House Price Index: Some new movers pause while agreed deals rush to complete
The average price of property coming to the market rises by 0.9% (+£3,398) in the month to a new record of £371,158: This 0.9% rise is a softening from the five-year average rise in October of 1.2% There is little sign of downwards price pressure on existing properties for sale. The number of homes seeing a…
Read MoreRightmove House Price Index: Surprisingly resilient market despite economic pressures
The average price of property coming to the market rises by 0.7% (+£2,587) in the month to £367,760: This month’s rise in new seller asking prices is in line with the ten-year September average increase of 0.6% The middle and high-end market sectors are driving price rises this month, with a new record average asking…
Read MoreRightmove data and comment following 0.5% interest rate rise
Tim Bannister, Rightmove’s Housing Expert, said: “Although the majority of people are on fixed rate mortgages, there’s a looming concern for those with their terms due to end over the next six months or so as interest rates continue to creep up. It’s likely that those who choose to fix again will find that rates…
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