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News Tag: Rightmove

December 17, 2012

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

by Jan Harris
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 has been the main ...




November 19, 2012

House prices up 2% due to London effect

by Jan Harris
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 England and Wales the average ...




August 6, 2012

Average house price falls to £161,000

by Jan Harris
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. The bank expects prices to remain at ...




July 16, 2012

Rightmove reports fall in house prices

by Jan Harris
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 distracting people’s focus away from moving. There ...




June 1, 2012

Tenants spending half their wages on rent

by Jan Harris
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. One in six renters in London, and ...




May 21, 2012

Rightmove reports property downsizing trend

by Jan Harris
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 UK. London, where there is a greater proportion ...




April 16, 2012

Asking prices reach all time high

by Jan Harris
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 £464,944 during the month, while prices in ...




March 20, 2012

Property prices up 5% in March

by Jan Harris
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, where interest from overseas buyers has ...




February 24, 2012

Online advertising boosts Rightmove

by Jan Harris
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 spending on these products increasing by 43 per ...




January 30, 2012

House prices fell 1.3% last year

by Jan Harris
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 house prices increased in December was ...




January 16, 2012

Property coming to market at record low levels

by Jan Harris
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% increase compared ...




December 6, 2011

Halifax expects housing market to hold steady

by Jan Harris
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 the Bank of England’s figures. Data ...




November 7, 2011

October house prices up but north/south divide worsens

by Jan Harris
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 June, according to the ...




October 17, 2011

Rightmove: Asking prices up in October

by Kay Mitchell
”Rightmove:
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 a 1.5% annual rise last month. The property website, ...




September 19, 2011

Rightmove: Asking prices up in September

by Kay Mitchell
”Rightmove:
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 price rise takes the average price ...




August 15, 2011

Rightmove: Asking prices down for second month in a row

by Kay Mitchell
”Rightmove:
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 properties on ...




July 18, 2011

Rightmove: Asking prices down for first time this year

by Kay Mitchell
”Rightmove:
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 latest asking price rise ...




June 22, 2011

Research shows losses made on property since 2006

by Kay Mitchell
”Research
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 East, the average property was ...




June 20, 2011

Rightmove: Asking prices up in June

by Kay Mitchell
”Rightmove:
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 properties on the market, said the latest ...




April 18, 2011

Rightmove: Asking prices up in April

by Kay Mitchell
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, said the latest asking price rise takes the ...