Biggest monthly asking price jump for almost a decade
This February’s 4.1% (£9,192) increase is the highest monthly rise Rightmove has recorded since April 2002, a surprisingly strong uplift given the challenging economic environment.
House Price Index
London micro-markets continue to buck the trend
London starts the new year again proving it has its own micro-markets where housing demand continues to outstrip supply. New sellers in the capital have had the confidence to increase their month-on-month asking prices by 0.8% (£3,453).
Search activity up 27%, but lowest ever number of new sellers
Rightmove’s early indicators of housing market activity in 2012 show that interest in buying is strong despite the lack of mortgage finance, though the willingness or ability of new sellers to come to market remains weak.
November asking prices drop by -0.4% in Wales
Rightmove’s November House Price Index found that the average asking price of a property coming to market in the UK tumbled by £7,528 (-3.1%) but Wales saw a drop of just -0.4%. Find out more in our House Price Index report.
London sellers shut up shop early for Christmas
Buyers in London looking for fresh choice of property may find their options more limited than usual at this time of year, with a 16% drop in the number of new sellers compared to the same period in 2010.
November asking prices drop by 3.1%
This month’s statistics from Rightmove highlight how the relentless stream of economic uncertainty around the Eurozone crisis has influenced decisions when it comes to moving home.
Rightmove in the press – November 2011
The Rightmove House Price Index for November 2011 was released this week and here’s how the national newspapers have reported it…
London sellers ask record prices for fourth time this year
London’s ability to out-perform the rest of the country and many international markets in spite of the on-going global financial crisis and resultant credit squeeze is further highlighted by property coming to the market at all-time price highs.