There are a wide range of different factors which can have an impact on house prices, both positively and negatively. Understanding these factors can help you to enter the housing market armed with the knowledge you need to get the best deal possible.
As with all commodities, house prices are underpinned by the laws of supply and demand, which can fluctuate. It is, therefore, important to keep an eye on the overall state of the property market, which you can do easily by consulting the Rightmove House Price Index.

Factors that affect individual house prices

When it comes to individual properties, house prices are determined by a combination of many different factors. The oft-repeated mantra of "location, location, location" is still one of the most important factors when it comes to valuing a house - not just the geographical location, but also its proximity to key amenities and facilities.

The effect of interiors on house prices

Aside from the bricks and mortar of the property, the next important factor is the interior use of space. Some of the more important considerations are:

  • Bedrooms
  • Bathrooms
  • Single / Double garage
  • Central heating

Of course, many other factors will also play a part in determining house prices, and each individual property will be judged on its own merits.
There is a common maxim that when buying a house one should look at it through the eyes of the next buyer, and this is a good way to estimate the approximate value of a property.
Browsing through our listings here at Rightmove will help you to get a feel for the different features and factors that influence house prices. As the UK's premier property resource, we can give you the information and advice you need to successfully negotiate the intricacies of today's property market.

House prices articles