News Tag: Rightmove
March 15, 2010
Property website, Rightmove, has today reported the annual growth in asking prices for residential property in England and Wales for the four weeks to March 6 slowed for the first time in a year.
On an annual basis, growth slowed from 6.1% in February to 5.3% in March, while on a monthly basis, asking prices rose just 0.1% between the four ...
Asking prices up just 0.1% in March
by Kay Murchie
February 16, 2010
Rightmove has reported that a scarcity of new sellers bumped up asking prices by 3.2% in the four weeks to mid-February, taking the average asking price for a UK home to £229,298.
The figure compares with £222,261 in January, which saw a monthly change of 0.4%.
The leap set a new record for London at £427,987, and the property portal ...
Average asking price of a UK home up 3.2%
by Gill Montia
January 20, 2010
Rightmove has reported that its initial statistics for 2010 show increases in both seller confidence and buyer interest.
According to the property portal, sellers who have come to market so far in January are asking more for their properties "causing a big turnaround in figures that were on course for a third consecutive monthly fall".
The firm's commercial director, Miles Shipside, says he ...
Seller confidence and buyer interest return
by Gill Montia
December 15, 2009
Rightmove has reported that the average asking price for a home in England and Wales fell for the second consecutive month during December.
The property website recorded a typical 2.2% drop in vendors' ambitions over the four weeks to 5th December (to £221,463) following a 1.6% decline during the previous four week period.
Meanwhile, the number of homes on the market has plummeted ...
Rightmove asking prices down 2.2%
by Gill Montia
December 3, 2009
Google is said to be developing plans to launch a property portal in the UK that would compete with Rightmove.
According to a report in the Financial Times, talks are progressing with estate agents and listings on the new site could be free, unlike Rightmove's, with revenues generated from advertising.
Rightmove currently operates the UK’s largest property portal and claims to advertise around 90% ...
Google plans UK property portal
by Gill Montia
October 19, 2009
Home movers in London have put the credit crisis behind them and are asking 0.8% more for their properties than in November 2007.
In its October round up of market, Rightmove has reported that the Capital is leading the way in positive sentiment for the UK housing market.
October has also seen the national average asking price at a higher level than a ...
London leads recovery in asking prices
by Gill Montia
September 22, 2009
In its latest monthly round up, Rightmove.co.uk has revealed that the average asking price of a UK home increased 0.6% in September.
According to the property portal, the rise puts the average vendor's ambitions at £223,996, up from £222,762 in August.
While September's average asking price is 1.5% lower than this time last year, it has improved the 3.1% annual decline evident ...
Asking prices up 0.6% after August dip
by Gill Montia
August 17, 2009
The average asking price of a UK home fell in August, after nudging up 0.6% in July.
Vendors shaved a typical £5,102, or 2.2%, off their ambitions as they adjusted to lower seasonal demand.
The decline took the average asking price back to £222,762, compared to £227,864 in July, although London saw a steeper slide at 3.8%, reducing the average asking price in ...
Asking prices slip back in August
by Gill Montia
July 20, 2009
Rightmove has reported a 0.6% rise in asking prices in July, taking the average vendor's ambitions to £227,864.
The property portal therefore suggests that given June's slight fall of 0.4%, the UK housing market could remain in a "steady state" during the second half of 2009.
According to the firm, the best time to pick up a bargain may have passed already, with ...
Rightmove’s average asking price up 0.6%
by Gill Montia
June 22, 2009
Rightmove has reported that the average asking price of homes in England and Wales fell 0.4% in the five weeks to 13th June.
The decline follows a 2.4% rise in the same period to 9th May, equating to a jump of £5,000 in a typical vendor's ambitions.
According to the property website, the average asking price now stands at 226,436, down 5.5% ...
Asking prices slide 0.4% in June
by Gill Montia
May 18, 2009
The average asking price of a home in England and Wales has increased for the fourth consecutive month, according to Rightmove.
The property website has reported a 2.4% rise in the four weeks to 9th May, equating to a jump of £5,000 in the average vendor's ambitions and taking the average asking price to £227,441.
The increase is the ...
Asking prices up 2.4% as vendors mourn loss of equity
by Gill Montia
April 20, 2009
Thus far in April, asking prices have fallen by an annual 7.3 percent according to Rightmove.co.uk and is the smallest drop since January.
In addition to an annual 9 percent fall in March, it seems as though asking prices and, in turn, house prices are beginning to level out as credit is becoming more readily available.
Despite this, there is ...
Property asking prices fall but signs of recovery emerge
by Peter Charalambous
March 17, 2009
Rightmove has reported that the average asking price for a home in England and Wales was down an annual 9% over the four week to the 7th March.
New listings for the period fell 57% year-on-year, to 79,000.
However, the property website found that in March, the average asking price for a home rose 0.9% on February, to £218,081.
London led the trend ...
Rightmove pleads for smart asking prices
by Gill Montia
February 16, 2009
Rightmove has reported a surge in new buyer enquiries in January.
According to the UK's largest property website, new buyer enquiries rose by 108% last month, compared with a year earlier.
The firm's spokesman, Miles Shipside, believes the rise indicates pent up demand on the part of prospective home movers, however, sales figures are not yet showing an improvement, despite Nationwide's January ...
New buyer enquiries flood in at Rightmove
by Gill Montia
January 20, 2009
Rightmove has reported that the average asking price of a house in England and Wales has fallen by 7.3% over the past year, to £213,570.
Average asking prices in January are 1.9% down on December, with the biggest drop recorded in the West Midlands, at 6%.
The East Midlands recorded the only increase in average asking prices, which put on 0.4% this month.
In ...
Home sellers reduce expectations by 7.3%
by Gill Montia
December 15, 2008
Estate agency, Connells, is selling its 17% stake in Rightmove.
The decision by the UK's second-largest residential property agent is a further ill wind for the housing market, particularly as Connells' 21 million shares in the website are being offered at a discount on the market price.
Connells was instrumental in setting up Rightmove eight years ago but will remain purely as a customer ...
Connells sells stake in Rightmove
by Gill Montia
November 17, 2008
According to a report by property search website, Rightmove, homeowners are slashing their asking prices by £6,500 in a bid to sell their home.
In the four weeks to November 8, the average asking price of a home in England and Wales was £223,000 - a 2.9% decrease on the previous month and the largest fall since the ...
Asking prices slashed by £6,500 but homes still not selling
by Kay Murchie
November 13, 2008
Rightmove has been experiencing a sharp downturn in the number of estate agents advertising on its website.
The company, which operates the UK’s largest property portal and claims to advertise around 90% of British homes for sale, has reported that up to 300 estate agents are terminating their agreements each month.
This time last year the firm had 12,600 estate agency ...
Rightmove loses 300 estate agencies per month
by Gill Montia
October 23, 2008
Rightmove is cutting staff numbers by 20% and making 60 people redundant.
The property website, which advertises around 90% of homes for sale in the UK, has seen sales plummet and is now joining High Street estate agents in laying-off staff.
The company says that while these are the first redundancies it has made as a result of the downturn in the ...
Rightmove cuts staff as vendors overvalue homes
by Gill Montia
October 20, 2008
Home sellers in England and Wales appear largely unmoved by the continued shortage of mortgage funds and dramatically worsening outlook for the economy and are still marketing their properties at unrealistic prices.
Property website Rightmove has reported that asking prices in England and Wales rose by 1% in the four weeks to 11th October.
The increase is the first since May of ...
Average asking prices rise by 1%
by Gill Montia
