Company Tag: Rightmove
Coastal homes are selling 20 days quicker than pre-pandemic, as city-to-seaside demand doubles
Rightmove has flagged "a more sustained shift in buyer preference than initially thought" as demand for seaside properties outpaces demand fro city living.
Sales rates pick up across GB, but fewer than half of London listings find a buyer
In a typical year, only around half of properties listed for sale on Rightmove successfully find a buyer. That has jumped to nearly 70% in the last year or so.
Rightmove revenue bounces back as agents’ spending reaches a record high
Estate agencies are spending an average of £1,163 per month per branch with Rightmove; that's 11% more than in 2019.
Asking prices climb to another record high as the property market sees its busiest ever H1
House prices are being inflated by "frenzied" buying activity and a continued shortage of properties being listed for sale
Asking rents hit a record high outside London, as city centres start to recover
Rental properties are finding tenants faster than ever before, reports Rightmove, as record demand pushes price up.
1.3 million buyers have benefitted from the the Stamp Duty holiday
"We haven’t yet seen any significant increase in properties falling through so it looks like most are going ahead regardless," says Tim Bannister, Rightmove’s Director of Property Data. Al
Record number of homes selling at or above asking price
Buyers in England and Wales paid an average of 98.1% of the final asking price in January this year, reports Rightmove, marking the first time the percentage has ever exceeded 98%.
Asking prices hit another record high, but ‘there are early signs of a slowing in the frenetic pace’ of the property market
Asking prices have increased in every region, reports Rightmove, with larger homes seeing the highest rate of property price inflation.
‘Biggest sales pipeline in a decade’ as deals agreed on over 700,000 homes
Some 704,000 homes are marked Sold Subject to Contract and are now going through the sales process, according to Rightmove; it's the biggest sales pipeline of the last decade, 78% higher than in May 2019
1.7 million homes unable to improve energy efficiency to C rating, warns Rightmove
59% of homes across England and Wales are rated D, E, F or G on Energy Performance Certificates; there is the potential for this to be reduced to 11% of homes if recommended improvements were made, according…
Rightmove’s tech chief reveals ‘big plans for transformation’
“In two or three years’ time, I’d like us to be known not only as ‘the place I found my property’, but also ‘the place that helped me move in’, which is quite a big shift,” says Rightmove's Chief Product & Techno…
‘City centre locations and flats are staging a comeback in the housing market’ – Rightmove
Demand for flats and urban locations are rising at a faster pace than for other types of property.