In its 2016 Preview, Rightmove has revealed the following predictions:
- £307,000 – the average new seller asking price by the end of 2016, up £17,000 (6%) versus last year*
- 115m visitors to Rightmove in March 2015 – the highest ever**
- 53% – Rightmove traffic that comes from mobiles***
Rightmove also asked experts in the property industry about their predictions for 2016. Robert Scott-Lee, Managing Director of the Chancellors Group of Estate Agents, gave his view on satisfying landlord demand:
“We’ve had a rush from landlords looking for high quality stock, for example, those with good EPC scores, so that they can maximise yields to professional tenants. With good buy-to-let mortgage rates available this has given good confidence to landlords looking to extend their portfolios and we expect this to continue even after the stamp duty changes in April.”
In response to the increase in online browsing on mobiles and tablets, Chancellors relaunched all its websites that fall under the Group’s umbrella brand to meet the latest ‘responsive’ design. Read more in our blog Chancellors Relaunches Websites to Improve User Experience’.
Experts in the Rightmove Preview also predict an increase in the use of social media – at Chancellors we have active Twitter and Facebook channels where we post property top tips, news, local interest stories and more. Follow us on Twitter @ChancellorsEA and Facebook fb.me\chancellorsea.
Sources: *Rightmove House Price Index, December 2015. **Google Analytics data, January 2016. ***Rightmove data, January 2016.
Correct at time of publication. The views and opinions expressed herein are those of the individual contributor and do not necessarily reflect those of the Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. When in doubt you should only take advice from an industry professional or solicitor where appropriate. E&OE.
