UK Rightmove HPI m/m

Rightmove’s UK House Price Index showed month-on-month house prices were unchanged at 0.8% in April. The reading matched the previous month’s figure, with no change in the monthly rate. The latest Rightmove data shows UK asking prices stalled at 0.8% growth for April, matching the pace from March. While still positive, this lack of acceleration suggests the spring bounce we anticipated may be losing momentum. It signals that seller confidence might be reaching a peak for this cycle. We see this as a dovish signal for the Bank of ...

The average price tag on a home in Britain increased by 0.5% or £1,805 month-on-month in February, marking a slower pace after a fast start to the year, according to a property website. From April, stamp duty discounts for some home buyers will reduce, and Rightmove said February’s monthly price increase is more subdued than usual, being below the longer-term average of 0.8%. The average asking price in February is £367,994. In January, the average asking price for a property coming on the market had jumped by 1.7% month-on-month. ...

The number of homes being sold is up almost a third, year on year, so far this month, although the traditional autumn price bump has failed to emerge due to buyers being spoilt for choice, with the number of properties for sale at a 10-year high, according to Rightmove. The number of sales agreed is up 29%, with the number of house hunters contacting estate agents up 17%, despite some market uncertainty caused by the looming budget at the end of October. “Sales activity has not only bounced back from the low of last year but has ...

Asking prices for UK houses increased at double their long-term average pace in September, signaling new optimism by home-sellers in the wake of the Bank of England’s first interest-rate cut in more than four years. The average price of homes coming to the market rose 0.8% to £370,759 ($487,000), property site Rightmove said in a report released on Monday. While sellers typically hike prices in September, the scale of this month’s rise signals lower borrowing costs and more properties up for sale are unlocking pent-up demand building ...

Britain’s prospective home buyers stepped up their search for property after the Bank of England’s first reduction in interest rates since the start of the pandemic, Rightmove Plc said. The online property portal said the number of buyers contacting estate agents to view houses for sale jumped 19% from a year ago since the BOE decision on Aug. 1, an acceleration from the 11% increase across the month of July. The number of sellers coming to market also rose by 5% compared to a year ago. The figures add to growing optimism that ...

Property asking prices fell in the last month, according to Rightmove, as new sellers attempted to entice buyers by listing lower. The average newly-listed home for sale fell by 0.4 per cent, the equivalent of £1,617.This is a slightly bigger drop than normal at this time of year, according to the property website. Asking prices have dropped by an average of 0.2 per cent in July over the past two decades, due to the slower holiday season. It means the average property on the market is now on sale for £373,493, though they typically ...