UK mortgage rises hitting first-time buyers but steadying overall
First-time buyers are paying 22% more for the average mortgage compared to last year
Company
LON:RMV
Rightmove Group operates in the United Kingdom residential property industry connecting people to properties. Its principal business is the operation of the Rightmove.co.uk website.
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First-time buyers are paying 22% more for the average mortgage compared to last year
House prices rose 0.8% this month, after having stagnated in February, hinting towards a confidence boost before the spring selling rush
Builders and building materials
House prices fell 1.1% in November, compared to a 0.9% rise the month before, taking the average asking price to £366,999, according to the latest data from Rightmove.
Builders and building materials
The average house price fell by 0.4% in October, according to figures from the Halifax building society
Shortages in the housing market mean tenants are paying above asking prices
The property marketplace said house prices climbed by 0.9% in the month - just below the average rise at this time of year - to £371,158
The UK property portal was changing hands 1.4% higher on Monday afternoon
Rightmove currently trades at 552.8p, down 1.0% on the day and 65.2p below Credit Suisse’s target price – but not far enough below to persuade the Swiss firm to change its neutral view on the stock.
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Across Britain, tenant demand is up by 6% and the number of available rental properties is 50% lower than this time a year ago, Rightmove reported.
Rightmove said there were two prospective buyers for every home listed, which was a record ratio for the time of year
Rightmove PLC's 2021 profit jumps; British real-estate portal puts to rest concerns about a slowdown caused by inflation and rising living costs.
The property website said asking prices between July 11 and August 7 fell by around 0.3%, weighed down by a 0.8% decline in houses of four bedrooms or more
New homes have been selling so fast that they don't need marketing
House prices in Britain rose by 0.7% between 13 June to 10 July