Rightmove house price index
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Housing Market
Budget jitters kill off autumn property market bounce
‘Lack of momentum or positive sentiment’ means usual seasonal uplift fails to materialise with movers staying on sidelines, says Rightmove.
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Housing Market
Buyers market emerges as supply of homes hits ten-year high
Supply is outpacing demand according to the latest Rightmove report which shows record prices but the lowest May growth since 2016.
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Housing Market
April stamp duty deadline ‘shaping housing market’
Rightmove is reporting housing market is 'muted’ as April’s rise in Stamp Duty looms.
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Housing Market
Asking prices hit record high as agents list more ‘big homes’
Despite the rise in prices and general sense of greater optimism agents say high mortgage rates are continuing to stretch affordability for the typical buyer.
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Latest property news
Overpriced homes being left on the shelf, says Rightmove
Portal says wobbly economy has created a 'two-speed' housing market but sales levels are beginning to recover.
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Latest property news
Market bounces into new year with prices up – Rightmove
The Rightmove HPI shows that house prices have risen nearly 1% this month after the pre-Xmas lull.
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Latest property news
Rightmove reports Spring moving ‘frenzy’
Cost of living and energy crisis and rising inflation and interest rates fail to slow house price surge in the UK, says Rightmove in its latest report.
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Latest property news
House hunters are returning to the property market, claims Rightmove
The latest house price index from Rightmove reveal rising home hunter activity, an increase in properties coming to market, and asking prices going up in all but one region of the UK. Also, the portal says the contraction in the number of homes being sold in recent months is now losing steam. Its figures, which are for January, reveal that the average asking price has increased by 0.8% across the UK; that the number of properties coming to market rose by 2%; and that agent stock held steady (see graph, right). Also, the number of homes sold contracted by only -1.6% during January, compared to -5.5% in the final quarter of 2017. As well as reporting record traffic to its website at 141 million visits last month, Rightmove says the hottest property market is in the Midlands, where asking prices are rising three times faster than the national average. “The average price of newly-marketed property in the Midlands is up by over 5% compared to a year ago, a marked contrast to parts of London and its commuter belt,” says Rightmove’s Miles Shipside (pictured, left). “Many buyers in the Midlands are willing and able to pay more to secure their…
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Latest property news
Agent stock down 6.75% compared to 2015, latest Rightmove index figures reveal
The average level of sales stock per estate agent branch has dropped by 6.75% compared to 2015, the latest Rightmove index reveals. This decrease in the number of homes available for sale is across the board; for every month so far this year the average figure is lower than the same month two years ago. During 2015, historical Rightmove data shows, agents had 61.8 properties on their books on average, which has now dropped by four properties to 57.6 properties. Rightmove says in its report that overall estate agents’ stock of property for sale remains “tight” particularly further north where demand is exceeding supply. Northern price rises This is also pushing up prices faster in the north than the south – Rightmove says the North East’s housing market is experiencing the fastest asking price growth at the moment, up 1.3% month-on-month and 4.7% year-on-year. Also, it’s the regions above London that are doing the best year-on-year as London, the SE and SW all experiencing weaker price growth than their northern counterparts. Rightmove is also pessimistic about next year, which it says will see asking price growth of 1% overall. “2018 will continue the 2017 trend by being a real mixed…
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Latest property news
Property market slowdown worst at top of market, says Rightmove
The largest houses are taking the longest to find buyers as the property market slowdown continues, it has been revealed. Rightmove’s monthly house price index reveals that across the UK properties with five bedrooms and detached four-bedroom houses are taking 76 days to sell, while in London it’s 86 days. The average time to sell across the UK for all properties is 63 days, the portal says. Property market slowdown Rightmove believes the slowdown at the “top of the ladder” is helping soften the sales market overall. In London the number of sales agreed compared to same period a year ago is down by 9%, while southern counties have experienced a dip of 7.8%. The north has fared better, Rightmove says, with a dip of just 3%. But these are only year-on-year figures – better than expected sales across the UK earlier this year means sales so far this year are ahead of 2016. “Sales agreed numbers are holding up better in the north, whilst a common factor throughout the country is the lower and middle market sectors being the most active,” says Rightmove director Miles Shipside (pictured, left) “However, where property prices have far outstripped buyers’ wages, and consequently…
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