Rightmove

What’s happening in the housing market? 🏠 📉 Asking prices drop by 0.4% this month to £373,493, a bigger July drop than usual, as new sellers try to cut through the distractions of the General Election, sporting events and summer holiday season with a tempting price. 🏠 Buyer demand remains stable overall, but there’s a slight drop (-2%) in demand particularly for the stretched first-time buyers. Our property expert Timothy Bannister says: "It’s very early days, but the new Chancellor’s immediate announcements on housebuilding targets and planning reform are positive signs that the government is keen to get going with its manifesto pledges." Tap here for more info 👉 https://bit.ly/3xWq3Ch

If anyone can say it, we can: it's coming home! ⚽

Charlie, Howard and Penny are bringing pawsitivity to the workplace in the Milton Keynes office from Support Dogs 🐾✨ Support Dogs is a national charity dedicated to saving and improving the lives of children and adults with various challenging medical conditions. 🦮 Raise your paw for more office days like this 🐾 #SupportDogs

At least 18 million homes have an EPC rating of a D or below and need to be improved, equating to over half (55%) of all UK housing stock. 🏠 After 14,000 people were surveyed, reducing energy bills was the biggest motivator to making green changes in a home. Our property expert Timothy Bannister says: “While it’s a start to see some green support proposed in the party manifestos, there’s a big job to be done to address the widescale issue that at least 18 million UK homes need to be improved.”

Now that a Labour government has been confirmed, take a closer look at what they’ve pledged to do for the housing market below 🏠

Ahead of the election polling day, what’s the rental market looking like? 🗳🏠 👉 Our analysis shows that 120,000 more rental properties are needed to bring rental growth down to a more normal level of around 2% per year, based on current demand. 👉 We’re calling on the next government to accelerate housebuilding and incentivise landlords to invest in more homes for tenants, to improve this supply and demand imbalance.

We asked Prime Minister Rishi Sunak and the Leader of the Opposition Sir Keir Starmer how each of their parties would help home-movers if they won the election. 🏠 You can read our exclusive Q&A now, which includes questions on some of the key housing issues that over 14,000 home-movers and our partners told us were important to them 👉 https://bit.ly/3XJhzsN

🌈 Pride Month 🌈 Believe in being yourself. We want everyone to feel empowered to bring their best and most authentic self to work, by creating an inclusive and diverse workplace. 🏳️🌈 Rightmove is proud to announce our sponsorship of the Community & Comedy Stage at Milton Keynes Pride Festival, which will be held on 14th September in Campbell Park, MK 🏳️🌈 We've had inspiring and educational talks from Lady Phyll, and Ana Sampaio's #IAmRemarkable, workshop for all colleagues to join 🏳️🌈 Our Pride bake sale was a huge success, raising funds for PAPYRUS, the national Charity for the Prevention of Young Suicide 🏳️🌈 We also had Pride parties in our offices, to celebrate all things Pride with our colleagues and friends

It's Fika time in our office again! 🍰 🇸🇪 We are taking a moment to enjoy a coffee, a sweet treat and good company! We can't think of a better way to recharge and reflect on the exciting plans ahead. ✨ 💻

What’s happening in the housing market? 🏡 👉 Prices in June follow their familiar seasonal pattern of recent years and remain flat, with a drop of 0.0% to £375,110 after reaching a record high in May. 📈 Stubbornly high mortgage rates continue to stretch affordability, with the average 5-year fixed mortgage rate at 5.04%, compared with 4.94% in January. 🏠 Buyer demand has remained stable and is now 5% higher than last year, emphasising that those in the market are generally continuing with their plans despite the surprise General Election. Our property expert Timothy Bannister says: “Housing has started to play a bigger role in the election campaign, with a flurry of manifesto pledges shared in recent days. It has been encouraging to see housing get more attention, however, many manifesto promises so far are continuations of existing schemes, revivals of old policies, or ideas which are only likely to help very specific parts of the market.”