Rightmove has recently been in the news due to fluctuating trends in the UK housing market. The company reported a 19% increase in inquiries to estate agents since August compared to the previous year, indicating a potential rebound in interest. However, it also noted a decline in the average number of inquiries per rental property, suggesting challenges in the rental market. Additionally, there are indications that landlords are reducing asking rents to align with tenant affordability, reflecting the ongoing pressures in the housing sector.
Founded in 2000, Rightmove plc operates rightmove.co.uk, the UK's largest online real estate portal. The platform serves as a comprehensive resource for property buyers, sellers, and renters, offering listings for residential and commercial properties. Rightmove is publicly traded on the London Stock Exchange and is a constituent of the FTSE 100 Index, highlighting its significance in the UK economy. The company plays a crucial role in the real estate market, providing valuable data and insights that influence housing trends across the nation.