City markets heat up as competition cools by the coast

Love or Hate Rightmove

New research reveals that competition between buyers and renters for homes in many seaside areas is beginning to cool as more homes become available and coastal demand starts to ease In Cornwall, competition between buyers is down by 27% on average compared to this time last year, and down by 31% for renters Across all…

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Fourth new record puts prices £55,000 higher than pre-pandemic

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Price of property coming to market hits a fourth consecutive record of £367,501, up by 2.1% monthly (+£7,400): Average asking prices have risen more than £55,000 in the past two years, compared to a £6,000 rise in the two years before the pandemic Activity levels remain strong and still significantly higher than pre-pandemic, though there are signs that the frenetic market…

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Bath tops city asking price hotspots list

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Bath is the top city price hotspot across Great Britain, with asking prices rising 15% over the last year, more than any other city Truro in Cornwall is the second city asking price hotspot (+14.8%) and Southend-On-Sea is third (+13.4%) Average growth of 12.6% in the top ten city hotspots outpaces national asking price growth…

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BREAKING PROPERTY NEWS – 25/04/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   What’s next for Purplebricks? Purplebricks has a new CEO Helena Marston, following the rapid departure of Vic Darvey. But what strategy will she use to get that 21.5p AIM share price ticking upward? Parking up the likely class action that is about to engulf…

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Asking rents jump by 11% in most competitive rental market ever

Love or Hate Rightmove

National average asking rents outside of London hit a new record of £1,088 per calendar month (pcm), rising from £982 pcm last year: This 10.8% rise in asking rents is the first time annual growth has exceeded 10% Average rents are now 15% higher than the same period two years ago, just as the pandemic…

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Best ever spring sellers’ market as prices hit another new record

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Another new price record as the average price of property coming to market jumps by 1.7% (+£5,760) this month to £354,564, breaking through the £350,000 barrier for the first time The average monthly rise is the largest seen at this time of year since March 2004, pushing the annual rate of increase to 10.4%, with…

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BREAKING PROPERTY NEWS – 28/02/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   Valocity Partners With Fabrick To Speed European Mortgage Market Lending Fabrick and Valocity have agreed to a commercial tie-up, bringing Valocity’s Australasian-based property valuation solution to Europe. The solution, which has already powered over $1 trillion worth of lending decisions, will now be available to…

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Property Search Engines 2022

Today we are highly likely to pop on line to start or at least continue our property search, the internet provides us with not only websites, but also social media and an endless supply of property listings can be found this way. Leading the traffic for property searches will undoubtedly be property search engines the…

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BREAKING PROPERTY NEWS – 21/02/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   Knight Frank Invests In Proptech Futures Via Fifth Wall Knight Frank, together with a cohort of other real estate luminaries, is putting cash into Fifth Wall’s coffers to invest in Proptech SMEs looking to put forth innovative solutions for the real estate sector. Fifth…

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Margate named house price hotspot as Northern towns lag behind

Love or Hate Rightmove

Following last week’s release of the government’s Levelling Up White Paper, new analysis reveals the areas that have seen the highest and lowest house price growth over the past decade Margate in Kent tops the list of asking price growth hotspots, with prices more than doubling (+102%) in ten years, while Middlesbrough has seen the…

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