Rightmove record reflects success in Plymouth property market

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Rightmove has reported a record-breaking January as visits to the property website surpassed the 150-million mark for the first time.

With more than 152 million visits, January was the busiest month ever recorded as house-hunters looked to take advantage of a more certain political outlook following the general election in December and the UK’s Brexit terms being agreed.

That figure represents a 7% increase on January 2019, and also surpassed the previous record for the busiest month which was set in May of last year.

Rightmove also confirmed that its five busiest days ever fell between the 21st and 29th January, with Wednesday 29th topping the list. That day saw more than 5.7 million visits alone – smashing the previous record set on 24th April 2019 by 9%.

Time spent on the site increased by 4%, with people spending a total of 1.17 billion minutes browsing for properties.

In January, the number of sales being agreed by agents was up by 12% when compared to the same month in 2019 – the largest year-on-year leap in any month since July 2017.

Paul Preen, Lang Town & Country managing director

Following the trend in Plymouth

The news comes hot on the heels of a fantastic 2019 for Lang Town & Country which saw our team sell 385 properties in the Plymouth region – that’s more than one a day, and more than any other agent in the city last year.

Paul Preen, managing director, says: “The market in 2020 started off in a very positive manner. There seems to be a lot of renewed confidence, with people selling and people looking to buy.

“We’ve even created a ‘Thinking of Selling?’ guide, which you can obtain by contacting any of our local offices.

“It contains guidelines which have been put together by the ‘Which?’ consumer magazine, and helpful hints about what to look for before you appoint an estate agent.

“We predict that it’s going to be a fantastic year for the housing market, and we’ve already seen an uptake in appointments booked on viewings and appraisals across the group.”

The Rightmove view

Miles Shipside, Rightmove’s property expert, says: “Home-movers have sprung into action in 2020, with a large number of agents telling us that sales and valuations have picked up significantly in their local areas.

“The annual jump in sales agreed numbers is the highest we’ve seen in any month since the summer of 2017, which saw a significant uplift compared to summer 2016 because of the short-term dip in activity immediately after the Brexit vote.

“The stage certainly looks set for an active spring if those sellers considering putting their homes up for sale end up doing so, but to catch this wave of buyer momentum sellers should take care not to over-price their homes.

“It’s still a price-sensitive market and there’s a limit to what buyers can borrow, even though mortgage interest rates are temptingly low.”

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