Posts Tagged ‘rightmove’
Searches for homes with air conditioning triple in year
New analysis from Rightmove reveals searches for homes with air conditioning have soared after a record-breaking hot summer: Searches for homes for sale with air conditioning have more than tripled in a year (+234%) Searches for homes available to rent with air conditioning are also up 74% compared with the same time in 2021 On…
Read MoreCoastal areas see biggest affordability decline during pandemic
Coastal local authorities have seen the biggest decline in first-time buyer affordability over the past three years, as house prices have outpaced average local salaries: Adur in West Sussex tops the list, where the average first-time buyer asking price is now 11.6 times the average local salary, up from 8.7 times before the pandemic Hertsmere…
Read MoreBills included becomes most searched for term and renters double search areas
‘Bills included’ has become the most popular renter search term, overtaking pets and gardens as a must-have for the first time, to help people have more certainty in their outgoings as the cost of living continues to rise The average size of area that people are looking in to find a new place to rent…
Read MoreRightmove House Price Index: Prices fall though likely more due to holidays than rate rises
Price of property coming to the market sees first fall this year, down 1.3% in the month to £365,173 (-£4,795): Prices usually drop in August, and this 1.3% drop is on a par with the average August drop over the past ten years Summer holidays are taking priority and some new sellers are pricing more…
Read MoreDining Rooms Decline And Orangeries On The Rise
New analysis reveals the home features that have shifted in popularity over the last ten years: Garden offices, orangeries, summer houses, underfloor heating, bi-fold doors and open plan rooms have all surged in popularity Conservatories, greenhouses, dining rooms, fitted wardrobes all appear to be on the decline The pandemic-induced working from home has led to…
Read MoreRightmove data on potential interest rate rise
Average monthly mortgage payments for new first-time buyers are £976 per month, compared with £813 per month in January (+20%) If the rate rises by 0.25% the average monthly mortgage payment for new first-time buyers would increase to £1,003 nationally, and if it rises by 0.5% it would increase to £1,030 Average first-time buyer monthly…
Read MoreBuyers will expect discounts on homes with poor energy ratings in future
Buyers becoming more conscious of green features will try to negotiate discounts on the asking price of homes with the poorest EPC ratings in the next ten years, to factor in costs of making green improvements Home-owners who have made green improvements before selling have made as much as 16% extra on average, compared to…
Read MoreFirst-time buyer prices and rents rise three times faster than pre-pandemic
New analysis finds that over the past two years both first-time buyer asking prices and average rents for equivalent properties have risen three times quicker than the previous two years: Average monthly rental payments are 17% higher (+£128) than they were two years ago, compared to a 5% rise in the two previous years Average…
Read MoreSummer sellers jump into action with property valuation requests highest since January
The number of prospective sellers contacting estate agents to have their home valued is at its highest level since January, typically the first step for a seller coming to market: 22nd June was the fourth highest ever day for home valuation requests, and the busiest day for home valuation requests since May 2021 The number…
Read MoreRightmove House Price Index: Fifth price record this year but further signs of pace easing
Price of property coming to market hits a fifth consecutive record of £368,614, albeit only up by a modest 0.3% in the month (+£1,113), as the pace of price growth slows Affordability constraints, a better balance between supply and demand, and usual seasonal price drops will contribute to further slowing of price growth in coming…
Read MoreCity markets heat up as competition cools by the coast
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…
Read MoreFourth new record puts prices £55,000 higher than pre-pandemic
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…
Read MoreBath tops city asking price hotspots list
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…
Read MoreBREAKING 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…
Read MoreRightmove House Price Index: Third consecutive price record & homes selling faster than ever in spring market frenzy
The price of property coming to market hits a new record high for the third consecutive month, up by 1.6% (+£5,537) to £360,101 Despite growing economic headwinds, the 2022 market continues to set new milestones for price and activity levels: All regions and all market sectors reach new record price highs, for only the second…
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