Estate Agent Today

We have 60 guests online

Today's Headlines:

House prices fall or rise (take your pick)
4 comments
House prices went up slightly – by 0.4% – in July, the Land Registry has reported. It

Knight Frank stay quiet after conman is jailed
9 comments
A tenant who faked his identity when renting through Knight Frank has been jailed for three

Rich overseas buyers keep prime London market aloft
0 comments
Chinese buyers are expected to replace Russian investors as major players in the prime central London

Moving occasion: today's the day!
0 comments
The most popular moving date is today, September 1, the Post Office has revealed. The two next

Prospective first-time buyers sink to new low
0 comments
The proportion of buyers expecting to buy for the first time in the next 12 months

Housing market 'edging towards double dip' claim
2 comments
Net lending plummeted in July to the second lowest monthly figure since records began in 1993,

Henry Pryor Blog
0 comments
Welcome to a new monthly blog by Henry Pryor, estate agent turned entrepreneur, inventor and expert

Rightmove profits climb 39% as more agents sign up
14 comments
A rise in the number of agents and an overall willingness to pay more to Rightmove

Portal creates new 'check out your competition' stats
1 comments
Property portal Home has created some new statistic pages on its site which we reckon will

Six in ten mortgages are now for house purchase
2 comments
The proportion of mortgages being taken out for purchases, as opposed to remortgages, is at its

News Story

Home sellers stay away from the market, says Rightmove

Monday 19th January 2009

A sharp drop in the number of new instructions has been recorded on Rightmove.

Its latest report, out today, found that the number of new instructions in January are less than half of those in January last year, down from 89,000 to 43,000.

However, the site claims that applicant inquiries have soared, with 429,560 in the first two weeks of this month compared with 199,762 for the same period in 2008.

Asking prices on the site have fallen 1.9% from December to January, to an average of £213,570.

Send to a Friend Today's other headlines

View Comments 12 comments

Report Abuse

Posted By kaka on Monday 9th March 2009 19:30:15

Get Profile

难以置信的低价网络广告！！！即刻联系QQ：306478122吧！注明:广告。

Reply to this comment

Posted By BJG on Tuesday 20th January 2009 15:24:26

Get Profile

Someone at rightmove is definately spinning the figures to say agents are getting more enquiries

Reply to this comment

Posted By Policy on Tuesday 20th January 2009 12:40:56

Get Profile

You lot need to get a life. Get on with your jobs unless you actually have anything to say that’s worth reading. RM is no one fault but the sheep you are that built their strength. Why is it always the same Muppets that post negatives about anything that appears positive???

Reply to this comment

Posted By Paul on Tuesday 20th January 2009 09:53:24

Get Profile

I cant understand RM either. A while back they announced savings. I have challenged them on this on 3 occassions and still have not had a response. I think they are in a mess and have no direction and agree with comments made here that they may be on their way out.

Reply to this comment

Posted By simon on Monday 19th January 2009 17:17:49

Get Profile

i just dont understand Rightmove at all, they have enough problems with Agents leaving them in their droves due to their very high subscription charges, yet do not help their excisting clients with stupid comments about the market. Do they really need to make any comments at all!!

Reply to this comment

Posted By Brains on Monday 19th January 2009 13:58:06

Get Profile

January so far that is - seeing as we're still in January that actually would be a Rightmovy thing to say :)

Reply to this comment

Posted By Brains on Monday 19th January 2009 13:56:46

Get Profile

If I remember there wasn't a one4all enquiry system last year so I bet RM are counting 1 enquiry to 50 agents as 50 enquiries. Saying that we did have a record number of uniques on our site in January.

Reply to this comment

Posted By Taga on Monday 19th January 2009 11:58:47

Get Profile

Thanks for the info Rightmove. Is it the experienced agents are moving away from the site who are the market players, rightmove will will be left with wanna be agents. I think Rightmove has finished themselves. Try to give agents -RIGHTMOVE PROPERTY GUIDE - RIGHTMOVE PMA TESTS - etc etc is just not working for them - wait and see what James Caan will come up with - if any one can Caan can..I have to say that Aaron Turner is a bit of a nob, -Where's My SHARES you promised me ??????? they will also have problems on there hands

Reply to this comment

Posted By ss on Monday 19th January 2009 11:37:48

Get Profile

its clear to see, agents are leaving RM for one reason or another! I think RM need to do something quick or its game over!

Reply to this comment

Posted By Secret Agent on Monday 19th January 2009 11:09:37

Get Profile

A very strange time of year to offer such information!! In my area the majority of home owners are more worried about thier jobs and being able to keep their own property than to sell. With more and more property now showing little if no equity downsizing is not an easy option. As for their term "applicants" this is not true, nearly all the enquiries we get are for details only and far from being able to proceed.

Reply to this comment

Posted By Jim on Monday 19th January 2009 11:06:45

Get Profile

It's not rocket science. RM, last week, claimed that their agent numbers were holding because although they had lost 20%, they had been replaced by equal numbers of new agents. What do new agents NOT have?.....Clients. All these new agents will have no instructions, which is the REAL problem (please don't talk to me about first time buyers) and they will go bust within 9 months. Can they not even analyse their own statistics?

Reply to this comment

Posted By Vossy on Monday 19th January 2009 10:58:02

Get Profile

Whilst it is no surprise that numbers of new instructions have fallen I sincerely hope that in RM case it is compounded by the fact that so many Agents have taken their business elsewhere!

Reply to this comment

Post Comments

Please login to post comments:

Post Comments without login

DISCLAIMER: The views contained in these user comments are not endorsed by Estate Agent Today (nor its associates and advertisers) in any way and are provided by users who wish to publish their independent opinions on our news. Whilst every effort is made to moderate these comments, due to the instant nature of the posting not all offensive material can be removed instantly. Please help us keep the comments areas tidy by reporting details of any infringements to team@estateagenttoday.co.uk

Most Read News Stories:

Three quarters of agents threaten to quit Rightmove
Friday 10th October 2008

EPCs on all properties for sale: VERY LATEST UPDATE
Monday 8th September 2008

HIPs abolition order is signed and ready
Monday 17th May 2010

NEWS FLASH – HIPs suspended
Thursday 20th May 2010

NEWS FLASH:HIPs face certain death
Wednesday 12th May 2010

RSS Feed

Share this article:

Digg it

Del.icio.us

Newsvine

Nowpublic

Facebook

Feedback:

If you have any questions or suggestions about this article or our news section, please don't hesitate to contact us.

Editorial Contact Details - Rosalind Renshaw | rosalind.renshaw@estateagenttoday.co.uk | 01252 843 566.