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The Latest Breaking News from Rightmove

£14,000 wiped off the average asking price of a London home in November

The 2.1 per cent fall in average asking prices is the biggest percentage drop recorded for the month of November in five years

Evening Standard

UK house asking prices in largest November fall since 2018; Opec insists oil market still strong – as it happened

Rolling overage of the latest economic and financial news, as Rightmove reports prices falling at the fastest rate in five years, for the time of year

The Guardian - UK

Landlords sell up in Great Britain as buy-to-let market sours

Owners sell to offset losses from tax changes and rate hikes, meaning fewer homes to rent and thus higher rents

The Guardian - UK

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£6,000 wiped off the average price of a home in November

The 1.7% fall in average asking prices is the biggest percentage drop recorded for the month of November in five years, Rightmove said.

The Independent UK

Landmark levy: which iconic London sights give the biggest boost to nearby property prices?

Research reveals the extra value achieved by home sellers close to the capital's most famous places

Evening Standard

London on the brink: how the rental crisis is killing the capital – and how to fix it

With rents eating up to 85 per cent of their income, tenants facing being forced out of the capital are searching for solutions

Evening Standard

Economic pressures on second-steppers dampen demand for typical London homes

The 'average' London buyer is being squeezed out of the market by interest rate rises and cost of living crisis

Evening Standard

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FTSE 100 Live: 'Incident' halts trading in many London stocks, blue-chips unaffected but still close down 1.2%

The London Stock Exchange said an '"incident" has caused it to suspend trading in a number of shares.

Evening Standard

UK’s FTSE 250 index hits one-year low; crypto firms Gemini, Genesis and DCG sued – business live

Three crypto groups are being sued by New York for allegedly defrauding investors of $1.1bn, while financial markets remain on edge

The Guardian - UK

Weakest October for asking price increases since 2008

Across Britain, average new seller asking prices rose by 0.5%, but the long-term average increase for the month of October is 1.4%, Rightmove said.

Evening Standard

UK house prices rise at slowest post-summer rate since 2008 crash

Rightmove says 0.5% rise is smallest for time of year since financial crisis 15 years ago as higher interest rates hit home

The Guardian - UK

Rightmove records weakest month of October for asking price increases since 2008

Across Britain, average new seller asking prices rose by 0.5%, but the long-term average increase for the month of October is 1.4%, Rightmove said.

The Independent UK

House hunters could get bargain by opting for home numbered ‘unlucky’ 13

Homes numbered 13 had the lowest valuations on average out of millions of properties numbered from one to 100, according to Rightmove.

The Independent UK

Mapped: The areas where rent has gone up the most in the UK

West Midlands see biggest quarter on quarter rise as price up again across the country

The Independent UK

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Evening Standard

London rents up 12 per cent as prospective tenants far outnumber homes

Demand is outpacing supply of rental homes, with 25 tenants asking to view a single property on average

The Independent UK

Rents reach new record high with average home receiving 25 inquiries

Average rent in London reaches £2,627 per month

The Guardian - UK

Supply shortages and mortgage rate rises push UK rents to highest point ever

Average rental property receives three times more enquiries from prospective tenants than in 2019

The Independent UK

Rents reach new record high with average home receiving 25 inquiries – Rightmove

The average advertised rent for a home across Britain, excluding London, has reached a record high of £1,278 per month, Rightmove said.

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Evening Standard

Why has this Ealing flat, listed for just £160k, failed to attract a single bid at auction?

Semi-subterranean studio with just one window goes back under the hammer after drawing a blank first time round

The Independent UK

Average five-year fixed mortgage rate falls back below 6% mark

The last time that the average five-year fixed deal was below 6% was on July 3, when it stood at 5.97%, according to Moneyfacts.

Evening Standard

Average five-year fixed mortgage rate edges back down towards six per cent

Across all deposit sizes, the average five-year fixed-rate homeowner mortgage is 6.03 per cent, edging down from 6.04 per cent on Tuesday

The Independent UK

Average five-year fixed mortgage rate is edging back down towards 6% mark

Across all deposit sizes, the average five-year fixed-rate homeowner mortgage is 6.03%, edging down from 6.04% on Tuesday, Moneyfacts said.

The Independent UK

Homes needing renovation ‘are most popular feature buyers search for’

Homes marketed as requiring renovation are around £29,000 cheaper typically than the average property up for sale, Rightmove said.

The Guardian - UK

UK rents soar as high interest rates hit property market – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Proportion of UK house sellers cutting asking price reaches ‘highest in over a decade’

More than 36% of properties have had asking price cut at least once — the highest figure since 2011

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