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The Latest Breaking News from Rightmove

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.

The Independent UK

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

Evening Standard

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.

The Independent UK

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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

Evening Standard

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 Independent 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

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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

The Guardian - UK

Proportion of homes for sale with prices slashed ‘highest in over a decade’

The average size of the price reduction is also the highest in over a decade, at 6.2%, suggesting some sellers were too optimistic, Rightmove said.

The Independent UK

London house prices: dip in asking prices as homes take 63 days to sell

House prices in London fell once again but there are signs of an autumn lift on the horizon

Evening Standard

Rise of ‘ghost listings’: five secret-sale London homes listed on property portals

As the housing market becomes even trickier to navigate, increasing numbers of ‘ghost listings’ are popping up on portals with almost no information whatsoever

Evening Standard

London homeowners knock £23,000 from asking prices - but it’s not the area of UK that will be worst hit

Higher interest rates forcing sellers to knock 3.4 per cent of asking prices

The Independent UK

UK house prices fell by £7,000 in August as high mortgage rates and cost-of-living crisis hits spending power

New seller asking prices fell to a new average of £365,895 in August

Evening Standard

UK housebuilders’ shares fall amid fastest drop in asking prices in five years

Crest Nicholson forecasts lower profits after number of first-time buyers plunges

The Guardian - UK

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The Guardian - UK

Homebuilder shares tumble as UK housing market weakens – as it happened

A profit warning from housebuilder Crest Nicholson compounded fears of a housing market slowdown, as Rightmove data revealed a further drop in asking prices

The Independent UK

Asking prices for UK homes falls at fastest August rate for five years

Rightmove said average new seller asking prices fell by 1.9%, or £7,012, on average to £365,895 in August.

Evening Standard

Tiny north London flat ‘smaller than many hotel rooms’ for sale for £100k to cash buyers

Not much bigger than a hotel room, a 194sq ft Tottenham apartment has been described by selling agents as ‘cosy and well arranged’

The Independent UK

‘One of the best places to live in Britain’ declares housing crisis as rents spiral out of control

Rent in this picturesque town push out locals struggling to keep up with surging housing costs

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news in one place.

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The Independent UK

How can renters looking for a new home give themselves a head start right now?

As renters are being squeezed by strong competition and rising rents, Vicky Shaw finds out what they can do to help get ahead.

Evening Standard

West London home available for just £160,000 — but it only has one window

Close to the Elizabeth Line, in a grand Victorian townhouse, this property is 80 per cent below the average price on its street but you’ll soon see why.

The Independent UK

Is now a good or a bad time to put your home on the market?

Uncertainty over mortgage rates and house prices mean would-be house sellers have some careful weighing-up to do. By Vicky Shaw.

The Independent UK

Widowed pensioner set to turn £25 raffle ticket into £4.5M after winning luxury mansion

Valued at £4.5M, June Smith has now chosen to sell the property to help fund her family’s ‘next chapter’

The Independent UK

Housing markets where homes cost over £300,000 ‘more exposed to price falls’

Four in five local housing markets currently registering annual price falls have average prices of more than £300,000, Zoopla said.

Evening Standard

This Old House: Rick Astley’s childhood home up for auction

The Never Gonna Give You Up singer lived in the house in Newton-le-Willows, Merseyside, until he was 19.

The Week

The UK’s looming rental crisis

In the latest crisis to hit UK renters, private rents have risen at their fastest since 2016, according to new data published by the Office for National Statistics (ONS).

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