Rightmove (RMV)

Sector:

Real Estate

Index:

FTSE 100

549.60p
   
  • Change Today:
      7.00p
  • 52 Week High: 594.80
  • 52 Week Low: 462.90
  • Currency: UK Pounds
  • Shares Issued: 798.50m
  • Volume: 1,457,293
  • Market Cap: £4,388.53m
  • RiskGrade: 130

UK house prices up 0.8% in March

By Frank Prenesti

Date: Monday 20 Mar 2023

LONDON (ShareCast) - (Sharecast News) - UK property asking prices rose by 0.8% in March from the prior month and showed signs of stabilising after last year's 'mini-budget' that created severe market volatility, according to a survey released on Monday.
Online real estate agent Rightmove said the market still faced challenges from higher interest rates and economic headwinds.

Optimism about a recovery was tempered by the fact that March's growth was below the 1% average monthly increase for the month over the last 20 years with sellers more cautious than usual about pricing.

Rightmove director Tim Bannister said the pace of the market reached an "unsustainable level in the last two years, and was on track to slow to a more normal level, though the speed of this slowdown to more normality was accelerated by the reaction to September's mini-budget".

Borrowing costs are still nearly double their level before former prime minister Liz Truss's plan for £44bn in unfunded tax cuts which led to chaos on bond markets, forcing the Bank of England to intervene.

Rightmove said sales agreed in the first-time buyer segment were improving faster than larger homes which were in demand during the Covid-19 pandemic frenzy for more space.

"While higher mortgage rates and economic headwinds raise challenges, many potential home movers who were effectively side-lined in the frenetic bidding wars of the last two years will find that a slower-paced market gives them time to plan and secure their next move as we enter the traditionally busy spring-buying season," Bannister said.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rightmove Market Data

Currency UK Pounds
Share Price 549.60p
Change Today 7.00p
% Change 1.29 %
52 Week High 594.80
52 Week Low 462.90
Volume 1,457,293
Shares Issued 798.50m
Market Cap £4,388.53m
RiskGrade 130

Rightmove Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.94% below the market average98.94% below the market average98.94% below the market average98.94% below the market average98.94% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
1.94% above the market average1.94% above the market average1.94% above the market average1.94% above the market average1.94% above the market average
2.33% below the sector average2.33% below the sector average2.33% below the sector average2.33% below the sector average2.33% below the sector average
Income
85.88% below the market average85.88% below the market average85.88% below the market average85.88% below the market average85.88% below the market average
87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average
Growth
3.47% below the market average3.47% below the market average3.47% below the market average3.47% below the market average3.47% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 1
Sell 5
Strong Sell 2
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rightmove Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 28-Sep-23
Paid 24-May-24 27-Oct-23
Amount 5.70p 3.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 746,832 @ 549.60p
16:35 1,508 @ 549.60p
16:35 1,566 @ 549.60p
16:35 4,396 @ 549.60p
16:35 222 @ 549.60p

Rightmove Key Personnel

CFO Alison Dolan
CEO Johan Svanström

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