Tag: Rightmove
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London House Prices Dip but Cheaper Mortgages Could Be a Game Changer!
The average asking price for a London property in July was £677,794, a 2.1% drop from June, according to property website Rightmove. That’s a cool £17,285 shaved off the average asking price. While this might seem like a big drop, it’s actually pretty normal for this time of year. Plus, across the whole year, London…
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Interest Rate Cut Sparks House Hunter Activity – Prices to Rise 1%
The Bank of England’s decision to slash interest rates has caused a surge of activity in the property market. For the first time in four years, the Bank of England cut interest rates, making mortgages cheaper and giving hope to aspiring homeowners. Estate agents are buzzing with activity as buyers, spurred on by these lower…
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Landlords Are Buying More Houses Than They’re Selling
The property market is hot right now, and guess who’s cashing in? Landlords! New research shows that more landlords are snapping up rental properties than ever before. A recent study by the TDS Charitable Foundation surveyed over 2,000 landlords and found 19% of them bought new properties in the last year. In comparison, only 13%…
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Downsizing Your Home Could Make You Half a Million!
Thinking of downsizing? You could be sitting on a goldmine! Swapping your five-bedroom family home for a cosy three-bed could unlock an average of nearly £500,000 in pure cash! That’s according to new figures from Rightmove that show just how profitable downsizing can be. Londoners are sitting on the biggest potential profits. Trading a five-bedroom…
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Rental Market Still Hot, Properties Flying Off the Shelves
The rental market is still sizzling! Even though rent increases are slowing down, demand is still sky-high, meaning properties are being snapped up quicker than ever. According to Nicky Stevenson, managing director of Fine & Country, the average time it takes to find a renter is now just 12 days! That means over half of…
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Seaside Bargains – Welsh Towns Top the Charts for Property Price Growth
Property portal Rightmove has revealed two Welsh towns amongst the hottest spots in the UK for bargain properties, with prices predicted to rise even further. If you’re looking for an affordable place to put down roots, then Colwyn Bay and Port Talbot should be on your radar. Rightmove’s data analysis reveals that both towns have…
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Sandbanks Tops the Charts for the UK’s Highest Seaside House Prices
Dreaming of a house by the sea? Be prepared to splash the cash in Sandbanks, Dorset! New research from Rightmove has crowned Sandbanks as the UK’s most expensive coastal area, with homes there fetching an eye-watering average of £1,582,331. Luxury Living Along the Dorset Coast The study, which crunched the numbers on over 200 coastal…
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Detached Houses Now £170k Pricier than Semis – But Buyers Don’t Care!
The dream of owning a detached home is alive and well, even if it means digging deeper into our pockets. It seems Brits are happy to pay a hefty premium for extra space and privacy – with detached properties now £170,000 more expensive than semi-detached homes. According to Lloyds Bank, a third of movers opted…
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Rightmove Still a Cash Cow, But Competition is Heating Up!
Rightmove’s latest financial results show the property giant is still raking in the cash, but investors shouldn’t get too comfortable. Solid Numbers, But Innovation Needed Rightmove reported a solid 7% increase in revenue to £192.1 million in the first half of the year. Operating profit also rose by 2% to £131.6 million. While these figures…
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Stamp Duty Headache Looms for First-Time Buyers
Property website Rightmove is urging the government to rethink plans to slash the stamp duty relief available to first-time buyers, warning that it will price thousands out of the market. Currently, first-time buyers don’t pay stamp duty on the first £425,000 of a property’s price. But this generous tax break is set to be scaled…