Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Rightmove plc    RMV   GB00BGDT3G23

RIGHTMOVE PLC

(RMV)
  Report
Delayed Quote. Delayed London Stock Exchange - 11/27 11:36:59 am
624 GBX   +2.90%
10/01RIGHTMOVE PLC : - Director/PDMR Shareholding
PR
09/30A TALE OF TWO BRITAINS : homes market boom deepens social divide
RE
09/28British house price boom to fizzle out next year
RE
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Dash for bigger homes pushes up September asking prices, Rightmove says

09/21/2020 | 02:39am EST
Rows of houses are seen in High Wycombe

Surging activity in Britain's housing market nudged up asking prices for homes in September, as buyers sought larger properties following the coronavirus lockdown, a survey showed on Monday.

Property website Rightmove estimated there were almost 40% more sales moving through the pipeline than a year ago, chiming with other surveys that show a post-lockdown surge in the market, helped by a temporary cut in property tax.

Rightmove said asking prices rose 0.2% in September, reversing August's decline. The national average asking price now stands at 319,996 pounds ($415,642), up 5.0% on a year ago.

Official data based on prices paid at the end of the purchase process showed a 3.4% rise for the year to June.

Prices hit a record high for homes with three or four bedrooms, the survey showed.

"Needing more space has always been the most popular reason for moving house, but now there's a new urgency for extra space to be able to work from home," said Tim Bannister, Rightmove's director of property data.

"Buyers (are) competing for the same type of property. At the start of the year a fourth bedroom was very much a luxury for buyers trading up, but it's now emerging as a must-have for those who are able to take that step."

But with unemployment set to rise sharply later this year with the closure of the government's furlough scheme, and the end of a tax break on property purchases in April 2021, the outlook for the housing market next year looks tougher.

(Reporting by Andy Bruce, editing by David Milliken)


© Reuters 2020
All news about RIGHTMOVE PLC
10/01RIGHTMOVE PLC : - Director/PDMR Shareholding
PR
09/30A TALE OF TWO BRITAINS : homes market boom deepens social divide
RE
09/28British house price boom to fizzle out next year
RE
09/18RIGHTMOVE PLC : - Director/PDMR Shareholding
PR
09/15RIGHTMOVE PLC : - Director/PDMR Shareholding
PR
09/15EON AG : Berenberg reiterates its Neutral rating
MD
09/07RIGHTMOVE : BreezeMove Signs ex-Rightmove Boss And Partners With Multiple Convey..
AQ
08/25RIGHTMOVE : Hilltop Credit Partners completes £3m loan for eco-friendly resident..
AQ
08/18Homebuilder Persimmon reinstates dividend after strong start to second-half
RE
08/17NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
More news
Financials
Sales 2020 201 M 267 M 267 M
Net income 2020 103 M 137 M 137 M
Net cash 2020 80,2 M 107 M 107 M
P/E ratio 2020 53,3x
Yield 2020 0,54%
Capitalization 5 431 M 7 238 M 7 228 M
EV / Sales 2020 26,7x
EV / Sales 2021 18,4x
Nbr of Employees 490
Free-Float 97,6%
Chart RIGHTMOVE PLC
Duration : Period :
Rightmove plc Technical Analysis Chart | RMV | GB00BGDT3G23 | MarketScreener
Technical analysis trends RIGHTMOVE PLC
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 554,47 GBX
Last Close Price 624,00 GBX
Spread / Highest target 20,8%
Spread / Average Target -11,1%
Spread / Lowest Target -45,5%
EPS Revisions
Managers
NameTitle
Peter Brooks-Johnson Chief Executive Officer
Andrew Fisher Chairman
Alison Dolan Chief Financial Officer
Jacqueline de Rojas Senior Independent Non-Executive Director
Andrew Robert Findlay Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
RIGHTMOVE PLC-1.52%7 238
TENCENT HOLDINGS LIMITED56.02%715 632
PROSUS N.V.36.78%181 504
THE TRADE DESK, INC.236.09%41 005
AUTO TRADER GROUP PLC-7.80%7 056
CARSALES.COM LTD22.94%3 699