Stamp-duty announcement fails to boost first-time buyer outlook

The latest Rightmove Consumer Confidence Survey reveals:

"The proportion of first-time buyers expecting to enter the market over the next 12 months is at a virtual standstill compared with last quarter..."

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April house price growth picks up

The latest Rightmove House Price Index reveals:

"With the onset of the traditional moving season, new sellers coming to market ignored any pre-election jitters and economic woes and pushed up their average asking prices by 2.6% (£5,898) this month..."

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House prices up 0.1%

Rightmove have announced that:

"Between 2002 and 2009 the average monthly increase in March was 1.3%; in contrast this March's rise of just 0.1% is the lowest Rightmove has ever recorded at this time of year..."

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Revenues down 6%, say Rightmove

Rightmove announced their full year results for 2009:

"Revenues were down 6% as a result of estate agency branch closures in 2008. However, by the end of 2009 overall advertiser numbers had bounced back to show year-on-year growth of 6%. Rightmove's underlying operating profit grew slightly as a result of stringent cost management..."

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61% of renters can't afford to buy

According to the Rightmove Q1 2010 Consumer Confidence Survey: Rental Forecast:

"61% want to buy a property now but are unable to afford to do so. Although the quarterly increases have been modest, this is the third successive rise in the proportion of renters who consider themselves priced out of the resale sector..."

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3.2% rise in house prices

Results from the latest Rightmove House Price Index reveal a monthly rise of 3.2% which has not been beaten since April 2007:

"The stock-starved housing market saw a welcome increase in the number of properties coming to market during the month, with over 90,000 new listings on Rightmove. Sellers appear to be hoping for a prosperous new year, and are asking an average of 3.2% more than last month..."
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