Rightmove slams major parties for ignoring growing housing crisis

Rightmove slams major parties for ignoring growing housing crisis


Todays other news
The Serious Fraud Office has staged raids and made arrests...
Savills is moving 170 staff from a a single office...
Some 64% of Foxtons’ revenue is now achieved through lettings....
A new Build To Rent (BTR) marketing campaign begins this...
Deposit alternative provider Deposit has launched an integration with Vision+...
Rightmove slams major parties for ignoring growing housing crisis


In an unusually outspoken intervention into the election campaign, Rightmove has criticised the absence of debate over housing.

The issue has not so far featured prominently in any major party statement and had only fleeting references in the TV debate between Rishi Sunak and Sir Kier Starmer earlier this week.

Now Rightmove’s property expert Tim Bannister has issued a statement saying:”At a time when house prices and rents are at record highs, it’s really disappointing to see that housing barely got a look in during last night’s debate. 

“People need to hear much more about what long term solutions there could be to help more people to move, especially renters who weren’t mentioned at all.

“We hope to see housing get much more attention over the coming weeks. There are many complex issues affecting different groups of people that need to be discussed.”

The portal says the undersupply of housing in the UK has contributed to ever-increasing house prices and rents, with national average asking prices of homes now 22% higher than five years ago, at £375,131, and national advertised rents up by 40%, at £1,479 per calendar month

Over the past five years the gap between supply and demand has widened. 

Demand is measured by looking at the number of people sending enquiries about homes for sale or to rent on Rightmove, and since April 2019, buyer demand has risen by 15%, while supply has decreased by 6%. 

In the rental market, demand has increased by 32%, with supply reducing by 38%.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Agency boss say rents rising at less than average incomes
Average rents outside London fell last quarter - but are...
Agency industry set to prosper with stronger competition
Zoopla has signed a long term deal with Andrews agency...
Mandatory training and qualifications for agents on the way - government
Rightmove has recorded the busiest ever Boxing Day for visits...
New cyber-security warning as letting agents are “prime targets” 
Connells Group has signed a new five-year contract with Zoopla....
It appears Knight Frank was involved at one stage...
The mansion tax will take effect from April 2028....
Recommended for you
Latest Features
The Serious Fraud Office has staged raids and made arrests...
Savills is moving 170 staff from a a single office...
Some 64% of Foxtons’ revenue is now achieved through lettings....
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.