Posts Tagged ‘rightmove’
Asking rents jump by 11% in most competitive rental market ever
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…
Read MoreBest ever spring sellers’ market as prices hit another new record
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…
Read MoreBREAKING 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…
Read MoreProperty 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…
Read MoreBREAKING 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…
Read MoreBiggest ever monthly price jump sets new record high as movers fear missing out
Price of property coming to market rises by 2.3% this month (+£7,785) to a record of £348,804, the biggest monthly jump in pounds recorded by Rightmove in more than twenty years: Prices are now 9.5% higher than a year ago, the highest annual rate of growth since September 2014 There are signs that both buyers…
Read MoreMarch revealed as the strongest month to sell as spring surge gathers momentum
Rightmove analysis reveals that March is the strongest month of the year to sell a home, having the highest number of buyer enquiries per property for sale on average over the last five years While new listings are also highest in March, strong demand from buyers in the month means March sees the highest competition…
Read MoreMargate named house price hotspot as Northern towns lag behind
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…
Read MoreDemand for office space exceeds pre-pandemic levels as back to the office beckons
Business owners enquiring about leasing office space surpassed pre-pandemic levels in January, 54% higher than in January 2021 and 15% higher than in pre-pandemic January 2020 The office sector started the year with the strongest growth in enquiries of any sector, as more businesses assess their office needs in the hope of moving towards a…
Read MoreBusiest ever January with buyer demand over 20% higher than pre-covid levels
Rightmove has recorded its busiest January on record for home-mover activity, with buyer demand up 16% compared to January last year, and 24% compared to January 2020 Tenant demand is up 17% compared to last January, and 33% compared to January 2020 Rightmove recorded over 218 million visits to its site and apps in January,…
Read MoreBexhill-on-Sea tops new year supply hotspots
Bexhill-on-Sea, East Sussex, has topped the list of new year supply hotspots – areas where more new properties are coming onto the market for sale than the same period last year The number of new properties coming to market for sale in Bexhill-on-Sea is nearly double that of the same period last year (+88%) High…
Read MoreRents increase at fastest ever rate as tenant competition doubles
Average asking rents have increased at the fastest rate on record, and are now £1,068 per calendar month (pcm) outside of London – 9.9% higher than this time last year Average rental growth is outpacing house price growth in all but three regions (East Midlands, South West & South East) London rents hit a new…
Read MoreRightmove House Price Index: Early-bird sellers benefit from busiest ever start to a New Year
The average price of property coming to market jumps by 0.3% this month (+£852) to £341,019, which is 7.6% higher than in January 2021, the highest annual rate of price growth recorded by Rightmove since May 2016 First-time buyer asking prices hit a new record of £214,176 after a monthly jump of 1.4% Strong demand…
Read MoreBusiest ever festive period as home-hunters make New Year’s resolution to move
Rightmove recorded its busiest ever festive period for home-mover activity, with buyer demand up by 23% compared to the same period last year The number of new sellers coming to market was up by 21% on Boxing Day compared to Boxing Day in 2020 as people took advantage of the post-Christmas buyer surge. This was…
Read MoreMountain Ash in Wales is this year’s price hotspot
Rightmove analysis of the year reveals Mountain Ash, in the County Borough of Rhondda Cynon Taf in Wales, is this year’s price hotspot, with average asking prices for homes in the area rising by 31% The average price for a home this year in Mountain Ash is £137,220, compared to £104,431 last year Porth, in…
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