Tag: Rightmove

First-time buyers take a decade to save for a deposit

First-time buyers take a decade to save for a deposit

Before the credit crunch it took first-time buyers two to four years to save up a deposit for a property but a quarter of first-time buyers now say it will take them at least ten years. In its latest Property Tracker report, the Building Societies Association (BSA) suggests that since September 2010 raising a deposit […]

December 17, 2012 More
House prices up 2% due to London effect

House prices up 2% due to London effect

Property website Rightmove has reported a 2 per cent increase in property prices year on year, but this is largely due to a rise in the price of luxury homes in London. The 2 per cent increase in November 2012 compared with the previous year, is the highest annual rate of increase since 2007. Across […]

November 19, 2012 More
Average house price falls to £161,000

Average house price falls to £161,000

House prices fell in July, to an average of £161,094 across the country, after increasing in the previous two months. Prices fell by 0.6 per cent in July, compared with the previous month, according to the Halifax House Price Index. Average prices are also 0.6 per cent lower compared with July 2011, the Halifax said. […]

August 6, 2012 More
Rightmove reports fall in house prices

Rightmove reports fall in house prices

Property website Rightmove recorded a drop in the average asking price for residential property this month, representing the first fall since January. Average prices have fallen by 1.7 per cent, a drop of £4,138, with demand low due to the wet weather deterring potential buyers from viewing properties. The website also blamed the Olympics for […]

July 16, 2012 More
Tenants spending half their wages on rent

Tenants spending half their wages on rent

Rent accounts for a half of income for a third of UK tenants, with the average UK rent now reaching £745.97 per month. New figures from Rightmove suggest that the average tenant spends 38 per cent of their wages on rent and this figure increases to 40 per cent in the South East and London. […]

June 1, 2012 More
Rightmove reports property downsizing trend

Rightmove reports property downsizing trend

Two in five property owners planning to sell in the next year are planning to ‘trade down’, compared with one in four who plan to ‘trade up’. A survey by property website Rightmove found that moving to a smaller home is the main reason for moving in nine out of the ten regions in the […]

May 21, 2012 More
Asking prices reach all time high

Asking prices reach all time high

The asking price for property in the UK has reached record high levels, boosted by a surge in prices in London, according to property site Rightmove. The average asking price for property in England and Wales increased by 2.9 per cent in April to £243,737 Asking prices in London increased by 2.1 per cent to […]

April 16, 2012 More
Property prices up 5% in March

Property prices up 5% in March

UK house prices increased by £3,687 to £236,939 in March, a 4.9 per cent increase compared with the 2011 first quarter. The figures, from Rightmove’s house price index, represent the largest first-quarter rise in property prices since 2004, boosting hopes for an continued improvement in the market for the rest of the year. In London, […]

March 20, 2012 More
Online advertising boosts Rightmove

Online advertising boosts Rightmove

UK property website Rightmove saw traffic to its property portal soar by 22 per cent to 9.3 billion pages in 2011. The site accounted for 84 per cent of the pages viewed on the top four property websites. Over two-thirds of Rightmove’s advertisers took advantage of additional advertising products available to promote their properties, with […]

February 24, 2012 More
House prices fell 1.3% last year

House prices fell 1.3% last year

The latest figures from the Land Registry show that house prices fell by 1.3 per cent in England and Wales in 2011, with the average property costing £160,384 in December. Prices remained stable at the end of the year, with no change between November and December 2011. The only place in England and Wales where […]

January 30, 2012 More
Property coming to market at record low levels

Property coming to market at record low levels

Despite record levels of search activity on its website this month, estate agency Rightmove reports that the number of new homes being put up for sale has fallen to the lowest level ever recorded. More than 44 million property searches were carried out on Rightmove’s site during the first ten days of 2012, a 27% […]

January 16, 2012 More
Halifax expects housing market to hold steady

Halifax expects housing market to hold steady

The Halifax reported a 0.9 per cent fall in house prices in November, compared with the previous month, and it expects the housing market to remain steady over the winter. November’s fall in house prices came despite a 3 per cent increase in the number of mortgages approved during the month to 52,700, according to […]

December 6, 2011 More
October house prices up but north/south divide worsens

October house prices up but north/south divide worsens

New figures from the Halifax show a 1.2 per cent increase in house prices in October, however compared with a year ago they have fallen by 1.8 per cent. In the three months to the end of October, house prices fell by 0.3 per cent, compared with the previous quarter, representing the first fall since […]

November 7, 2011 More
Rightmove: Asking prices up in October

Rightmove: Asking prices up in October

Property website, Rightmove, has today reported a further rise in asking prices for the month of October. According to Rightmove, asking prices for residential property in England and Wales surged 2.8% in October on a monthly basis and were 1.2% higher compared with this time last year. This compares with a 0.7% monthly increase and […]

October 17, 2011 More
Rightmove: Asking prices up in September

Rightmove: Asking prices up in September

Property website, Rightmove, has today reported a slight rise in asking prices for the month of September. According to Rightmove, asking prices for residential property in England and Wales rose 0.7% (or an average £1,596) in September. The property website, which claims to advertise 90% of the properties on the market, said the latest asking […]

September 19, 2011 More
Rightmove: Asking prices down for second month in a row

Rightmove: Asking prices down for second month in a row

Property website, Rightmove, has today reported a drop in asking prices for the month of August – the second consecutive monthly fall. According to Rightmove, asking prices for residential property in England and Wales fell by 2.1% this month after a 1.6% decline in July. The property website, which claims to advertise 90% of the […]

August 15, 2011 More
Rightmove: Asking prices down for first time this year

Rightmove: Asking prices down for first time this year

Property website, Rightmove, has today reported a drop in asking prices for the month of July – the first fall this year. According to Rightmove, asking prices for residential property in England and Wales fell by 1.6% in July. The property website, which claims to advertise 90% of the properties on the market, said the […]

July 18, 2011 More
Research shows losses made on property since 2006

Research shows losses made on property since 2006

According to research from property website Zoopla, around 80% of properties acquired since 2006 are now worth less than their purchase price. However, 89% of homes bought since the housing market peaked in 2007 are also worth less than homeowners paid for them with the problem particularly bad in the North East. In the North […]

June 22, 2011 More
Rightmove: Asking prices up in June

Rightmove: Asking prices up in June

Property website, Rightmove, has today reported a rise in asking prices for the month of June – the sixth consecutive month of growth. According to Rightmove, asking prices for residential property in England and Wales grew 0.6% in June after a 1.3% increase in May. The property website, which claims to advertise 90% of the […]

June 20, 2011 More
Rightmove: Asking prices up in April

Rightmove: Asking prices up in April

Property website, Rightmove, has today reported a rise in asking prices for the month of April – the fourth consecutive month of growth. According to Rightmove, asking prices for residential property in England and Wales grew 0.9% on an annual basis. The property website, which claims to advertise 90% of the properties on the market, […]

April 18, 2011 More