Company Tag: Rightmove
£1m+ sales are running 100% above last year’s level as prime leads the property market rebound
The prime market has led the post-lockdown rebound in UK property market activity, suggests data from Rightmove and Knight Frank, with a notable spike in £1m+ deals.
Sell Rightmove, advise stock market analysts
"We believe there are material risks to the financial health of estate agents when: a) furlough schemes end, and b) the stamp duty holiday ends at the end of March 2021," say stock market analysts - and…
‘Rulebook rewritten’ as buyers go on a £37bn Summer spending spree
Rightmove has just recorded its busiest ever month, as the property market's post-lockdown "mini-boom" accelerates rather than slows down.
Rightmove’s revenue & profits have taken a big hit this year
UK's biggest property portal reports a 34% drop in revenue and a 43% fall in operating profit after offering a 75% discount support package to agents during lockdown.
Village enquiries soar as city dwellers ‘plan their escape’
The number of city residents contacting agents about village property jumped by 126% in June & July, reports Rightmove, while town enquiries were up by 68%...
Rightmove names new finance chief
Alison Dolan starts as CFO in September, on a base salary of nearly £400k.
South-facing gardens come with a 7% asking price premium
Homes marketed with a south-facing garden are, on average, priced 7% above properties without;
‘Unexpected mini-boom’ pushes asking prices to a record high
"Current activity levels clearly show that Britain is getting moving again," says Rightmove, with the Stamp Duty holiday serving to “amplify the buyer surge”.
Asking rents reach a record high across the country, but dip in London as supply balloons
Asking rents outside London have climbed by 3.4% in the last year, while the capital has seen a dip of 0.6% as rental stock piles up.
Stamp Duty holiday drives surge of interest in commuter belt properties
Rightmove has reported a dramatic increase in househunting activity at higher price brackets since the announcement of the SDLT holiday up to £500k.
Stamp Duty holiday drives instant property portal activity surge
Record levels of traffic and enquiries were recorded on the major property portals following the Chancellor's SDLT tax cut announcement.
Industry Reactions: Property sector welcomes Sunak’s Stamp Duty holiday
It'll come as no surprise that most estate agents and property developers are quite delighted with the temporary raising of the Stamp Duty threshold to £500k, as announced by the Chancellor in a "mini…