2017 House Price Index & Rental Trends – from Rightmove

For more in-depth insights and information specific to your area go to: http://www.rightmove.co.uk/news/house-price-index/


Opportunity for first-time buyers

  • 2017 has started steady with 0.4% (+£1,086) rise in the price of property coming to market, similar to the 0.5% rise recorded in January 2016
  • Encouraging early signs of home-mover activity, with visits to Rightmove since Boxing Day up by 5% even when compared to last year’s buy-to-let surge
  • There is a window of opportunity for first-time buyers this new year with more choice and negotiating power.
  • Available stock for sale of two beds or fewer currently up 1.9% versus previous year
  • There are fewer buy-to-let investors to compete against and sellers are more open to lower offers as sales agreed in this sector down 13.2% in December 2016 compared to previous year
Month Avg. asking price Monthly change Annual change Index
January 2017 £300,245 +0.4% +3.2% 247.2
December 2016 £299,159 -2.1% +3.4% 246.3
National average asking prices by market sector (excluding Inner London)
Sector January 2017 December 2016 Monthly change Annual change
First-time buyers £188,612 £183,900 +2.6% +6.4%
Second-steppers £255,387 £254,388 +0.4% +4.5%
Top of the ladder £520,840 £521,993 -0.2% +0.4%



Rents to rise 4% outside London

  • All regions except London recorded a rise in asking rents in 2016 with prices up annually by 3.0%, just slightly lower than 2015’s rise of 3.7%. The highest growth recorded in the northern regions of Yorkshire and the Humber and the North West.
  • London recorded an annual price fall of 4.4%, which was most marked in Inner London
  • In 2017 Rightmove forecasts asking rent rises of 4% outside London, driven by less availability of rental stock resulting in upwards price pressure for tenants


East Midlands Trends

Month Avg. price
Quarter 4 (Oct-Dec 2016) £605 pcm
Quarter 3 (July–Sep 2016) £610 pcm
Quarterly Change -0.7%
Avg. price £592 pcm
Annual change +2.3%


If you would like more information about selling or renting your property, call Phillips George for a no obligation valuation 0116 216 8178, [email protected]


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