Rightmove

Our Rental prediction for 2025 🏡 👉 We predict average rents will rise by 3% outside of London, and 3% in London by the end of 2025. 👉 Wages have already failed to keep up with rent rises, stretching affordability. Average UK rents have risen by 40% over the last five years, whilst earnings have risen by 28%. Our property expert Timothy Bannister says: "While a lack of available properties is putting upward pressure on prices, we're seeing signs of more tenants reaching the limit of what they can pay, which we think will work to limit newly advertised rent increases next year." Read more here 👉 https://bit.ly/41KGbDp

Look out for our new marketing campaign! 👀 The new campaign is called ‘If they can find it, so can you’, and celebrates that with the UK’s largest choice of homes, every home-hunter can find the perfect property that fits their requirements on Rightmove - however unique those requirements are! The campaign launches Christmas Day, just ahead of the Boxing Day bounce and New Year jump in home-mover activity, inspiring people to make their move in 2025. You'll be able to catch it over the festive period on some of your favourite TV programmes, as well as YouTube and in the cinema. Plus, listen out for us on the radio and look out for much more from January onwards! 🎵⭐

What do you get when you mix the glamour of the Golden Globes with our love for gnomes at Rightmove? Introducing: The Golden Gnomes! 🏆 For our first-ever Golden Gnomes ceremony, we celebrated success in the business by recognising 22 Rightmovers and a number of our teams for their outstanding contributions and how they truly embody our values. Our hostess with the mostess, Colleen Babcock knocked it out of the park with her hilarious hosting skills! 🎤 Huge congratulations to our winners who will be firmly placed in the Golden Gnomes Hall of Fame. 👏

What's happening in the housing market? 🏡 📉 The average asking price of homes has dropped by 1.7% this month to £360,197, in line with the usual December monthly fall. 👉 We're seeing signs of some movers racing to beat the 1st April 2025 stamp duty deadline. Overall, market activity is significantly stronger than a year ago, with sales up 22% and new buyer demand up by 13%. 👉 Rightmove's traditional Boxing Day Bounce is coming up later in the month, where we usually see a sharp jump in activity between Christmas Day and Boxing Day. In 2023, our visits surged by 273% during this period. Our property expert Timothy Bannister says: “New sellers in December have to work particularly hard to capture the attention of Christmas-party and festivity-distracted buyers, and the 1.7% average monthly fall is a fitting gift for those who are still buying homes rather than presents. We’re continuing to see strong activity in the market as we close out the year, which reflects the growing confidence buyers are feeling about making their moves happen." Tap the link here 👉 https://bit.ly/49GtV8W

Rightmove Hackathon 2024! 💻✨ Our annual hackathon event that drives forward innovation and collaboration is back! Rightmovers came together across our London, Milton Keynes, and Newcastle offices to create a variety of innovative tech ideas, all to help create products and tools that will deliver even more value for our partners and home-movers. After three days of intense hacking, they delivered an impressive array of 27 different tech projects! Well done to all participants! 🎉

House Price Forecast 2025 🏠 👉 We forecast that the national average asking prices will rise by 4% in 2025, and around 1.15 million completions are expected; however, 2025 is set to be a buyer’s market. 👉 We predict that first-time buyers will be particularly active in 2025 despite stamp duty rising from April 1st. 👉 Five-year and two-year fixed rates could drop to around 4.0% in 2025. This reduction in average mortgage rates is tied to predictions of four Bank of England Base Rate cuts in 2025. Our property expert Timothy Bannister says: “Stamp duty charges rising from 1st April means we are likely to see a particularly busy first three months of the year as people try to complete on planned purchases and avoid higher charges." Tap the link here 👉 https://bit.ly/3ZxzDFp

First-time buyers rush to beat stamp duty deadline in higher-priced areas 🏠 👉 First-time buyers in higher-priced areas of England are rushing to beat the 1st April 2025 stamp duty deadline as the exemption threshold will drop from 425,000 for first-time buyers, while for home-movers it will drop from £250,000 to £125,000. 👉 In London, only 8% of homes for sale will be stamp-duty free for first-time buyers from April, compared to 24% in the South East and 32% in the East of England. Our property expert Timothy Bannister says: "With stamp duty thresholds in England lowering from April, we’re seeing early signs of first-time buyers reacting." Tap the link here 👉 https://bit.ly/3BceQ2c

Happy at Home 2024 🏡 ❤️ 🏠 Every year, our annual Happy at Home study has been completed by over 35,000 people across Great Britain, asking residents how they feel about a number of factors in their area. 🏠 This year, Woodbridge in Suffolk has claimed the top spot as the happiest place to live in Great Britain. In second place is the London Borough of Richmond upon Thames, which was last year's winner. The top 3 areas were: 1️⃣ Suffolk 2️⃣ Richmond upon Thames 3️⃣ Hexham Tap here for the full list 👉 https://bit.ly/4fWcbbR

🏠✨ Most Viewed Homes 2024 🏠✨ As we start thinking about wrapping up 2024, let’s take a moment to look at the most viewed homes so far! For those who love a good nosey on Rightmove, take a look at these unique homes below and view the full list and details here 👉 https://bit.ly/3Ow7QjF

What's happening in the housing market? 🏡 📉 The average asking price has dropped by 1.4% this month to £366,592, a bigger fall than the usual seasonal 0.8% drop seen at this time of year. 👉 Sellers are coming to market with more competitively priced homes, in the hope of finding a buyer before the seasonal slow-down in the run up to Christmas. 👉 Since the Base Rate cut on 7 November, the number of people contacting estate agents about homes for sale up 23%, and the number of sales agreed is up 26%. Our property expert Timothy Bannister says: "The big picture of market activity remains positive when compared to the quieter market at this time last year. This sets us up for what we predict will be a stronger 2025 in both prices and number of homes sold." Tap the link here 👉 https://bit.ly/4fw1DA8