House sellers expect less as market floods May 16, 2010 A FLOOD of properties coming on to the housing market has depressed sellers’ price expectations, with average asking prices rising just 0.7 per cent in May in what is normally a bullish month for vendors, property website Rightmove will say today. Research by Rightmove has shown that there has been a sharp jump in the [...]
Spring gives Rightmove a boost May 5, 2010 Rightmove said it has attracted a record number of visitors to its property site following a pre-summer bounce in the UK house market. The website enjoyed its busiest month ever during March, while site traffic set a new record on 6 April, the first working day after Easter. Rightmove also claimed its market share among [...]
Persimmon sees its sales rise by a fifth April 22, 2010 HOUSEBUILDER Persimmon yesterday said sales were up by a fifth on last year despite a “backdrop of continued uncertainty” from the fledgling economic recovery and upcoming election. The FTSE 250 listed group reported total sales since the start of the year stand at £1.15bn in a trading update. The firm said weekly sales volumes remain [...]
Sellers brush off pre-election fears April 18, 2010 SELLERS have shaken off pre-election jitters to increase their average asking prices by 2.6 per cent in April, the monthly Rightmove property index will show today. This marks a sharp jump on the meagre 0.1 per cent increase seen in March and takes the average price of a UK home to £235,512. Property prices are [...]
2010 is the year of the big move to the country March 25, 2010 MANY who earn their crust in London dream of living in the country, and there are good reasons to make 2010 the year to make the move. While the property markets in the desirable parts of London have now fully recovered, with prices similar to those achieved in the 2007 peak, the same isn’t true [...]
London house prices hit by March slump March 14, 2010 HOUSE prices have come to a standstill this month as sellers return to the market after a dismal winter. The latest survey by property website Rightmove shows that UK property is now a buyers’ market and new sellers have been forced to ask for just 0.1 per cent more, the lowest rise ever-recorded in March. [...]
BEST OF THE BROKERS February 16, 2010 RIGHTMOVE Collins Stewart’s “buy” note comes off the back of an unscheduled positive trading statement from the property website – implying market forecasts for 2010 were materially too low. It said Rightmove’s business model delivers very strong cash flows, with minimal marginal costs, or capital requirements and should be valued on the basis of its [...]
House sellers start upping their prices February 15, 2010 AMBITIOUS property sellers hiked their average asking prices by 3.2 per cent as they hoped for a more prosperous 2010, property website Rightmove said today in its latest monthly survey. This is the greatest monthly rise since April 2007 and is somewhat surprising given the difficult UK and global economic picture. But a shortage of [...]
ECONOMIC DIARY February 14, 2010 THE European Union’s rescue plan for Greece is expected to continue to take centre stage this week as traders look for greater clarity from policymakers. The Eurogroup – a committee of the finance ministers of the eurozone – meets today and we may see some market-moving announcements later on. With the US markets closed for [...]
BEST OF THE BROKERS February 10, 2010 RIGHTMOVE Collins Stewart thinks that consensus forecasts for FY10 are materially too low. It sets a target price of 690p – well above the current share price of 566p. It expects earnings per share forecasts to increase ten per cent to 30p. Valuation based on long term potential remains unchanged, and the broker advises “buy”. [...]