Want to find out what homes actually sold for?
Looking for a home in your dream location but not quite
sure you can believe the prices? Maybe you are just
curious about how much the house next door really sold
for?
Rightmove can help! We bring the latest Sold House Price
Information to your computer, straight from the Land
Registry and the Registers Of Scotland.
Simply enter the postcode of the area you are interested in above, and we will give you
the low down on average and individual sold prices since May 2000.
Price Comparison Report
Looking to sell, but not sure what your property is worth? Maybe you are just wondering
what competing properties are being marketed at?
The Rightmove Price Comparison report brings together Rightmove, Land Registry and
Registers of Scotland current and historic prices in one place.
Market Trends
If you are looking to sell, buy or just want to know what's happening in the property
market in your area, then Rightmove can help.
Rightmove Market Trends uses the biggest set of property information to provide you
with an insight into market activity in your area. See how many properties there are
available to buy, average prices paid and how many have sold.
Want the low down on house price trends? Read it here first!
The Rightmove House Price Index is the leading indicator of residential property prices
in England and Wales.
‘ Search activity up 27%, but lowest ever number of new sellers ’
The January edition of the Rightmove House Price Index is now
available. Based on circa 90% of newly marketed property, the
Rightmove House Price Index is the leading indicator of residential
property prices in England and Wales..
Download your free copy here
It's the perennial question asked again and again by both house hunters and those
looking to sell their homes: is now the right time to buy or sell?
Studying fluctuations in house prices may seem daunting, but Rightmove's House Price
Index can help make things clearer.
Not only do we publish a monthly report to keep you up-to-date with the latest
developments in the property markets, but historical data going back ten years is
available on our website too.
The causes of fluctuations in house prices
Getting to grips with some of the reasons why fluctuations in house prices occur can be
extremely beneficial to buyers and sellers hoping to strike while the property market is
firmly in their favour. House prices in your area can be driven up by a number of factors,
including:
● Supply being low
● Demand being high
● The availability of cheap credit
● Lax mortgage lending
● Rising wages
● Falling unemployment
Meanwhile, house prices have historically fallen in areas with:
● An increased supply
● A decreased demand
● Low rental charges
● High unemployment
● Low economic growth
● Reduced availability of affordable mortgages
Researching house prices with Rightmove
The Rightmove website is the UKs #1 property website and, as such, advertises around
90% of all residential properties for sale via estate agents in the UK.
With access to such a large sample of the latest property asking prices, the Rightmove
House Price Index is in a unique position to inform buyers and sellers on the current
state of the property market, as well as to indicate the direction of future trends.
Each monthly edition of the Rightmove index details the average asking prices for all
the regions in England and Wales, as well as the monthly and annual changes in these
areas. Rightmove director Miles Shipside provides an insightful and easy-to-digest
commentary on what the latest figures can mean for you.
House Price Index
The House Price Index is the largest, most up-to-date monthly sample of residential
property asking prices. The index monitors changes in house prices both annually and
monthly, providing a comprehensive view on the current state of the property market in
England and Wales.
We are happy for you to use our house price data in your publications and on your
website, however please make sure you credit the information to Rightmove.co.uk. This
page contains detailed information on the property market from August 2002 - January
2012.
January House price index: Search activity up
27%, but lowest ever number of new sellers
The January edition of the Rightmove.co.uk House Price
Index is now available. Based on circa 90% of newly
marketed property, the Rightmove House Price Index is the
leading indicator of residential property prices in England
and Wales.
View the January House Price Index here...
Features of the HPI
Regional house price trends Graphs representing National and National trends displayed in a easy
clearly listed London trends to read format
House prices are determined by a wide range of factors. Although many of these factors
are relatively straightforward - such as size, location and age - there are a number of
hidden elements that could decrease the value of a property.
The Rightmove House Price Index is an invaluable tool when it comes to tracking the
ups and downs of the housing market.
Monitoring how much properties are being marketed for in areas you are interested in
will certainly give you a good idea of the housing market in general.. However, there are
some issues which affect individual properties and which can reduce their value.
The effect of hidden factors on house prices
One factor which people often fail to take into account when considering house prices is
the state of the property's boiler. A faulty boiler can lead to serious and potentially costly
problems in the future, and replacing an old boiler that has come to the end of its life is
an expense no-one wants to have to deal with.
You should also ascertain the age and state of the electrical wiring in the property, in
case rewiring is required imminently. Other factors affecting house prices, which might
not be easy to spot and could prove costly include:
● Problems with structural timber
● Subsidence
● Leaks
● Damp
● Fungal decay (dry rot and wet rot)
● Broken roof tiles
● Plumbing problems
● Condition and age of equipment and fittings - such as white goods, flooring and
double glazing
Since homes - and their fixtures and fittings - decay naturally over time, deferred
maintenance and avoidance of general upkeep is a common explanation for why some
homes sell for less than others.
Future developments in house prices
For most people, buying a house is a long-term investment that they expect to be
committed to for an extended period of time. Therefore, when considering house prices
in your chosen area, don't just think about what the location is like today.
For example, if there are a number of empty properties in the vicinity, there is no way of
knowing what these buildings may become in the future.
Similarly, when considering a property you should also take into account any planning
issues that may arise nearby. A planned development could significantly change the
character and tone of the area, making it far less attractive to buyers and, therefore,
decreasing house prices.
All of these factors can have an effect on house prices, underlining the importance of
using every resource available to research the state of the market in your chosen area
so that you can make a truly informed choice. Rightmove is one of these resources -
browse through our site to see how we can help you.
Rightmove would, of course, always encourage house hunters to routinely study house
prices, to make sure you get the best value deal on a property. However, it is important
to remember that, on top of house prices, there are several other associated costs that
you will also be required to pay - including a valuation fee, taxes and insurance costs.
Buying a property can be an extremely costly business and it involves making a serious
long-term financial commitment. It is, therefore, very important that anyone considering
purchasing a home thinks long and hard about exactly what they can afford.
Getting a clear picture of exactly how much money you will need to pay out in order to
buy your own home means understanding the extra mortgage costs and fees involved.
House prices and the upfront costs of purchasing a property
Picture the scene: you've spent a great deal of time studying the Rightmove House
Price Index and viewing properties - and now you've found a house you'd like to buy.
So, what next?
Well, hopefully you've already secured a mortgage (if needed) and, if you have, you'll
know that lenders will usually charge an Arrangement Fee. The exact amount will vary
depending on the product.
A Higher Lending Fee (also known as a Mortgage Indemnity Fee) may also be payable
if you borrow a large percentage of the value of the house.
Before granting you a mortgage, your lender will also require you to pay for a valuation
of the property, since they have to be sure that the house in question will form sufficient
security against their loan. This payment - which can vary from lender to lender and
is dependent on the size of the property - is generally required when you submit your
initial application.
In addition to the valuation, you can also carry out a building survey, which may
well save you money in the long run by flagging up any problems with the property.
Prices vary depending on how comprehensive you want the survey to be. If a survey
determines that work needs done on the property, you may be able to negotiate a
reduction on the house price.
More mortgage-related fees and costs to add to house prices
Depending on the price of the property, you may be required to pay Stamp Duty Land
Tax of between one and four per cent. This tax is payable to the government and
graded into bands depending on the property price.
Most mortgage lenders will require you to take out a life insurance policy, so that if
you die they can recoup the value of the loan. Furthermore, you will need buildings
insurance and will probably be offered other optional insurance policies (such as
accident, unemployment or critical sickness insurance) to consider.
Your bank, estate agent, mortgage lender or financial advisor can offer further
information on house prices and the other fees associated with buying a property.
Inflation is defined as the increase in the price of goods and services in a particular
economy over a period of time. As it relates to the housing market, inflation can drive up
house prices and lead to many potential buyers being priced out of buying a property.
It goes without saying that UK house prices have increased significantly in the post-war
period. In fact, figures from Nationwide show that, in 1952, the average home cost just
£1891.
Compare that to Rightmove House Price Index early 2011 figures which suggest that
the average UK home asking price is £230,030 and it isn't difficult to see how much
house prices have inflated in the intervening 59 years. Essentially, a house in modern
Britain costs roughly 121 times as much as it did in the early 1950s.
The causes of house prices inflation
What factors are involved in pushing up house prices, then? There are numerous
arguments involved, but one of the simplest explanations involves the economic
principle of supply and demand. When there's increased demand for or reduced supply
of homes, house prices will go up.
In recent history, housing demand has been very strong - especially during the nineties
and early noughties. This, of course, changed when the credit crunch hit.
Meanwhile, shortage of supply has long been a problem in the UK housing market,
especially in popular areas. Consequently, this means that only a very slight increase in
demand can cause a proportionally significant rise in house prices.
Keep up-to-date on house prices inflation with Rightmove
Monitoring changes in the UK house prices market on both a month-on-month and year-
on-year basis, the Rightmove House Price Index is formulated using the largest and
most up-to-date sample of property asking prices in the UK.
As such, it paints a comprehensive picture of the current state of the property market in
this country and should be your first port of call for the latest house prices and rate of
inflation information.