Buyers face hot competition as average house price hits all-time high September 20, 2021 The national average price of property coming to market has hit an all-time high after rising 0.3 per cent this month, to £338,462. This new record high is only £15 higher than the previous record set in July, suggesting a stabilising prices, according to Rightmove’s house price index. Buyers are facing fierce competition to buy [...]
Rightmove revenue falls by almost a third despite surge in visitor numbers February 26, 2021 Property giant Rightmove saw revenue fall by 29 per cent to £205.7m in 2020 as coronavirus restrictions battered the housing market. The firm felt the strain of providing a 75 per cent discount on invoice values to estate agents and new customers between April and July last year. Operating profit also dropped 37 per cent [...]
Rightmove toasts record-breaking January but deals begin to crumble ahead of stamp duty deadline February 5, 2021 Rightmove enjoyed its busiest January on record as visits to the property platform jumped nearly 40 per cent with many buyers seemingly undeterred by the approaching end of the stamp duty holiday. However, the firm said there had been a seven per cent increase in sale fall-throughs as buyers realised they do not have the [...]
UK housing market ‘to grow four per cent’ in 2021 December 14, 2020 British house prices are set to grow an average of four per cent in 2021, according to property website Rightmove, despite the looming end of a tax break and forecasts of rising unemployment. Rightmove said asking prices for property first advertised between 8 November and 5 December were 6.6 per cent higher than a year [...]
Rightmove: Demand surges 50 per cent after housing market reopens August 7, 2020 Property platform Rightmove said demand was up 50 per cent in June and July as potential buyers sought new homes after months spent in lockdown. Rightmove’s share price jumped 8.93 per cent to 629.4p this morning after the company reported a bounce in activity after the housing market reopened. The figures In the six months [...]
Revenue rises at Rightmove as half-year results reveal 10 per cent increase July 26, 2019 Rightmove said its revenue has increased by almost 10 per cent during the first half of this year after issuing results to its investors this morning. The property portal reported strong results with revenue to the end of June up to £143.9m, from £131.1m last year. It claimed this was largely driven by continued growth [...]
ii Winter Portfolio doubles after fifth market-beating year May 22, 2019 | City Talk After an amazing fifth winter, our portfolio almost doubles in value and beats all the global indices, proving that international investors are wrong to ignore UK stocks. It also proves it is possible to time the market. Five years ago, our interest was piqued by a stock market phenomenon that promised consistent market-beating returns year [...]
London house prices: How Brexit uncertainty has hit house prices in every borough May 20, 2019 London is “acting as a drag” on the rest of the UK housing market, with prices across the capital falling in the last year, according to new figures from property giant Rightmove. Read more: UK house prices suffer fifth month of Brexit-hit growth While some regions in the UK such as the midlands and the [...]
London house price growth falters despite annual spring surge May 20, 2019 House prices in London remain down year-on-year despite the annual spring surge, driven by a slump in inner city sales, according to property website Rightmove. Greater London recorded a monthly rise of 1.2 per cent, equivalent to £7,339, pushed largely by outer London properties that rose 1.9 per cent. Inner London prices, meanwhile, registered a [...]
ii winter portfolios extend outperformance in March April 17, 2019 | City Talk There are fewer star performers in this year's Aggressive Winter Portfolio – that was until March when no less than three of the five constituents each gained around 8%. Ignore Mark Twain and Benjamin Disraeli, statistics demonstrate that some stocks do far better during the winter months than others. And the stats are backed up [...]