The latest Rightmove and property news
On average London home-owners spent £35 in every £100 of their home improvement budget on the kitchen in the last 12 months, the largest proportion of spend in the country with the national average standing at £33.
On average Welsh home-owners spent £31 in every £100 of their home improvement budget on the kitchen in the last 12 months, although this was slightly lower than the national average of £33.
The latest Rightmove Consumer Confidence Survey finds that the proportion of people that expect prices to be higher one year from now has dropped from 50% to 41% since last quarter.
The latest Rightmove Consumer Confidence Survey finds that the proportion of people in Wales expecting prices to be higher one year from now has dropped from 50% to 35% since last quarter.
The latest Rightmove Consumer Confidence Survey finds that the proportion of people in Greater London expecting prices to be higher one year from now has dropped from 53% to 43% since last quarter.
The House Price Index is the largest, most up-to-date monthly sample of residential property asking prices.
New sellers coming to the market this month in Wales have increased their average asking prices by 0.9%. This bucked a trend across the UK where fresh property stock came onto the market at 0.6% less than the previous month.
Fresh property continued to flood onto the market in London over the past month, creating some downward pressure on new sellers’ asking prices. This month they have reduced their price aspirations by -1.7% (£7,349) compared to June.