Latest Property Market Report from Rightmove

Latest Property Market Report from Rightmove

Rightmove have issued their latest report today, below are some interesting stats to be aware of:

The average price of property coming onto the market dropped by 2.1% (-£7,862) this month ⬇.
This is a bigger fall than usual at this time of year showing that motivated sellers are prepared to price aggressively to tempt hesitant buyers.

✳This is the largest monthly price dip in four years ⬇

✳2022 ends with asking prices 5.6% higher than a year ago ⬆

✳ The annual growth in 2021 was 6.3% ⬆

✳ The number of views of homes for sale on Rightmove is up 11% compared to the same period last year ⬆

✳ Rightmove forecasts that prices will drop by an overall average of 2% next year ⬇

✳The time it takes to secure a buyer, which was 31 days in April, has risen to 44 days ⬆

✳ As mortgage rates settle down, buyer demand over the past 2 weeks is 4% up on the same period in 2019 ⬆

✳ The biggest monthly falls were in the South West (-3.4%) and the South East (-2.7%) with the smallest falls in the North East (-0.9%) and the East Midlands (-1.3%)⬇

(Source:Rightmove)

If you are thinking of selling or buying in 2023 please do contact Millbank Estate Agents and we will be happy to discuss how we can help you.
☎ 01953 453838
Email: info@millbanks.com
CLICK HERE TO REGISTER FOR PROPERTIES COMING TO MARKET
CLICK HERE FOR A VALUATION ON YOUR PROPERTY


Get in touch with us

The way 25–34 year olds live in the UK has changed, but not as dramatically as often suggested. Homeownership is down slightly, while private renting has risen sharply, showing more of a delay than a decline in buying. These shifts shape demand in every local market, including Attleborough. Are there any surprises here?

Thinking of moving up the ladder in Attleborough but unsure if it’s still achievable? The gap between smaller and larger homes has changed, yet the real story lies in affordability, not just price. The numbers may surprise you… read the article to find out more.

From Victorian terraces to modern estates, every town has its own property timeline. So how does Attleborough compare with the national picture? Are we a town of historic homes, post war estates, or newer developments? Take a look at the figures and see where Attleborough sits in the UK housing story here

If you step back, a familiar pattern emerges. We rent when young, buy as life settles, and often own outright later on. Yet it’s not the same for everyone, with more people renting into later life. Property reflects life stages, choices and timing. To learn more, click the link and read on.