UK Property Information Spherical-up: Winter 2021/22

January

‘Busiest-Ever Festive Interval’– In line with Rightmove, the interval between Boxing Day and the New 12 months was its busiest on report for home-mover exercise – with purchaser demand up by 23% in comparison with the identical interval final yr. The variety of new sellers coming to market was up by 21% on Boxing Day, as individuals took benefit of the post-Christmas purchaser surge. This was additionally the best variety of new sellers that Rightmove has ever recorded.

We Planted 49,900 Timber within the Amazon Rainforest!– A bit of non-public information! According to our eco-development,ELEMENT – The Quarter, we set out on our mission to plant 45,000 bushes within the Amazon rainforest. To coincide with the launch of this improvement, we’ve donated cash for 100 bushes to be planted by One Tree Planted for each unit bought. As of January, a complete of £51,467.18 was raised in donations!

Home Costs Rise by 7.6%– UK home costs elevated by 7.6% in comparison with January 2021. That is thehighest annual charge of progressrecorded by Rightmove since Could 2016. The typical property value rose to £341.019 – 0.3% greater than December 2021. Property costs rose throughout the board, with asking costs for first-time consumers hitting a brand new excessive of £214.176 – a 1.4% rise since December.

Common Lease Additionally Noticed a Leap in Progress– Alongside rising home costs, rental values ​​additionally elevated in January 2022. In line with the Homelet Rental Index, the common UK hire reached a report excessive of £1,064 –8.5% greater than final yr. Each UK area noticed hire will increase, with London and the North West seeing rental values ​​rise by 12.6% and 10.3%, respectively. Common rental yields surged throughout the UK, with the likes of Manchester and Liverpool providing returns of over 7% on common.

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