The latest Rightmove and property news
New sellers in Wales dropped their asking prices by an average of -1% in June to leave the average asking price for a property in Wales at £168,850. This was in contrast the overall national picture in the UK which saw average asking prices increase by 0.6% in the month.
Rightmove’s London House Price Index for June finds that the strength of the market in the capital continues, leading to a new record high average asking price.
June saw Rightmove record the sixth consecutive monthly rise in new sellers’ average asking prices, up by 0.6%.
Latest statistics from digital marketing intelligence company ‘comScore’ reveal that the average UK home-hunter spends close to an hour using Rightmove each month – more than twice as long as the second highest property website!
Last month our product development teams took part in what shall forever be known as the “First Annual Rightmove Hack-a-thon”. What is a ‘Hack-a-thon’ you ask? Well you’d better keep reading…..
Rightmove’s latest Consumer Confidence Survey finds that nearly half (49%) of current tenants are of the opinion that average rents will be higher 12 months from now, providing more evidence of the continued strength of the rental sector.
Although first-time buyers numbers in Wales remain down on traditional levels, the upturn offers an encouraging sign that things may be improving.
In London the proportion was far higher that the national average with 42% of buyers stating they would be purchasing for the first time, an increase from 38.2% in Q1.