Sales Market: latest from Rightmove's House Price Index 📊
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
Latest Sales Market news and stats from Rightmove's House Price Index 🔢below:
✅ The average price of property coming to market rises by 1.7% (+£5,992) this month to £366,189, the largest jump in prices at the start of the year since 2020
✅ New seller asking prices are still nearly £9,000 below May 2024’s record, reflecting buyer affordability constraints
✅ A record number of early-bird new sellers have come to market since Boxing Day, giving buyers the highest level of choice at
the start of a year since 2015, which has also contributed to an encouraging start to 2025 buyer activity:
✅ The number of new properties coming to market is 11% ahead of the same start-of-the-year period last year
✅ The number of buyers contacting agents about properties for sale since Boxing Day is 9% ahead of last year, and
the number of sales being agreed over the same period is up by 11%
✅ Rightmove has recorded its busiest start to a year for Mortgage In Principle applications, evidence of buyer intent
✅ However, despite the promising start to 2025 there are uncertainties ahead, including the pace and number of interest rate
drops and the impact of the stamp duty deadline on 31st March
✅ Mortgage rates remain sticky, blocking many buyers from significant affordability improvements:
✅ Rightmove’s weekly mortgager tracker shows that the average five-year fixed mortgage rate is now 4.75% compared with 4.78% at this time last year
For the full HP Report from Rightmove, click here for a PDF download 📩
Wouldn't it be good to know the value of your home in today's market? Contact Lisa (lisa.dahl@cavendishproperty.co.uk) for an up-to-date valuation (or complete the form opposite ➡️).
📸 Lisa Dahl-Parsisson, Head Valuer and Asset Manager at Cavendish Residential (pictured with Ali Baylav, Managing Director) 📸
☎📧🗨
🌟 Instant online valuation (immediate response, 60-70% accurate)... Click here 🌟
🌟 Remote consultant valuation (24-hour response, 80-90% accurate)... Click here 🌟
🌟 Face-to-face visit (time to suit you, 100% accurate)... Email expert valuer lisa.dahl-parsisson@cavendishproperty.co.uk to get started 🌟
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#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
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