Rightmove’s 2016 property round-up
Rightmove’s 2016 property round-up: Highest asking price growth in Bath, homes sold fastest in South Ockendon and Manchester is most-searched for place
Across the UK people spend over 1 billion minutes looking at property on Rightmove each month in total, and there are over 127 million visits a month.
So as 2016 comes to a close we’ve looked back at the places where asking prices rose the most, where homes flew off the shelves the quickest and where home-hunters searched in their millions in 2016.
Highest asking price growth
In our latest House Price Index we reported that asking prices have risen 3.4% across England and Wales. While the national picture shows this modest rise, a look at a more local level shows some double digits rises, with Bath in Somerset topping the list outside London. Asking prices have risen 17.8% in the city to £485,491, followed by Wellingborough in Northamptonshire where average asking prices are now £185,269, 14.9% higher than in December 2015.
The average time for a property to sell across England and Wales in 2016 was 64 days. The fastest place to sell outside London was South Ockendon at 25 days, while in London homes sold the quickest in Sidcup in only 22 days. This is based on when it is first listed on Rightmove to the time it is marked sold subject to contract.
The top ten quickest for properties places to sell in England and Wales outside London:
Most popular searches
Manchester topped the list for both buyers and renters this year, closely followed by Bristol for buying and Birmingham for renting. In Scotland Edinburgh made it in to the top ten for buyers, while Glasgow made the list for renting.
The top ten places for buying and renting outside London were: