Rightmove revenues jump as it attracts a record number of customers – but chief exec steps down February 24, 2017 Take that, rivals: Rightmove beat analyst expectations on almost every level with its 2016 results – another sign worries about the property market after the EU referendum were misplaced. The figures Revenues rose 15 per cent to £220m in 2016, with underlying operating profit rising 15 per cent to £166.2m. The company said it had attracted a record number of customers, with its [...]
UK house prices grow at their slowest in four years – as Rightmove warns “overpriced properties won’t sell” February 20, 2017 UK house prices grew at their slowest four years in February, new data from Rightmove has shown – as it warned agents against setting properties' prices too high. Asking prices rose just 2.3 per cent in the year to February, according to the figures – down from 3.2 per cent in the year to January, [...]
New government bill could save tenants £240m, but London estate agents worry it could spark ‘housing crash’ May 3, 2018 A new government bill to ban letting fees across England has ignited fierce debate in the property sector, with tenants and real estate agents drawing battle lines on either side. The government says its Tenant Fees Bill, introduced to parliament yesterday, is designed to “save tenants millions of pounds and make the market fairer and [...]
Ranked: These are the happiest places to live in London October 11, 2017 Bad news, Londoners. For unless you're residing in Richmond upon Thames, you're not living in the happiest place in the capital. And while property site Rightmove has compiled the best places to live in the UK, five of the least happy places can be found in London. Still, Bromley and Camden residents can feel pretty [...]
Ranked: The happiest place to live in Greater London is officially Richmond upon Thames October 11, 2017 Bad news, Londoners. For unless you’re residing in Richmond upon Thames, you’re not living in the happiest place in the capital. And while property site Rightmove has compiled the best places to live in the UK, five of the least happy places can be found in London. Still, Bromley and Camden residents can feel pretty [...]
UK house prices: Property transactions fell again last month September 21, 2017 The number of homes bought and sold in the UK fell again between July and August, providing further evidence the property market is beginning to stagnate. On a seasonally adjusted basis, property transactions fell 0.5 per cent between July and August to 103,490, figures by HM Revenues and Customs (HMRC) showed. Although the figure is [...]
City leaders recognised for services to business in New Year honours December 30, 2017 The Square Mile has weathered a turbulent year, and as 2017 comes to a close, business leaders have been recognised for their work to promote UK industry through a period of immense change. Business leader Ken Olisa, former Lord Mayor of London Andrew Parmley, and City grandee Anthony Habgood, have been given knighthoods. Vivian Hunt, [...]
Opinion: Rightmove’s housing index shows that London may have fallen, but it’s sunny in the Shires August 18, 2016 The latest housing index from Rightmove has caused a stir, revealing that prices have hit their lowest point since November and have dropped 1.2 per cent nationwide. Londoners in particular seem hardest hit with the average price falling 2.6 per cent. It’s very easy to put the entire blame on Brexit and increases in Stamp Duty, but [...]
Rightmove’s shares just jumped after it reported impressive mobile traffic July 27, 2016 Don't write off the UK's property market quite yet: shares in Rightmove jumped this morning, after it reported a surge in mobile traffic. The figures The property portal said this morning that revenues had jumped 16 per cent to £107.9m in the six months to the end of June, while pre-tax profits rose to £80.6m, from £66.6m last year. It signed [...]
New homes: What’s on sale this weekend, in Croydon, Highgate, Ealing and Uxbridge November 23, 2017 New developments on the market this week Westgate House, Ealing From £299,000 New homes are being added to this development in west London due to high demand. Developer Galliard Homes will apply next month to build two more floors on top of its building on Hangar Lane, a “growth zone” in Ealing. This would up [...]