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Top related persons:
Rightmove - 4 REA - 2 Andrew Fisher - 2 Suban Abdulla - 2 Rupert - 1 Owen Wilson - 1 REA Group's - 1 It's - 1
Top related locs:
London Britain Rightmove Melbourne Australia India Reno , Nevada U.S
Top related orgs:
REA - 2 Murdoch's News Corp - 2 REA Group - 2 Thomson - 2 Rightmove - 1 News Corp - 1 U.S - 1 OnTheMarket - 1

Search resuls for: "Rightmove's"


8 mentions found


☆ Rupert Murdoch’s property group REA ends chase to buy Rightmove after multiple rejected offers
  + stars: | 2024-09-30 | by ( April Roach | ) www.cnbc.com   time to read: +2 min
LONDON — Rupert Murdoch's Australian property firm REA Group said Monday it would no longer seek to buy the U.K.'s Rightmove after the property portal rejected a fourth takeover proposal. "We were disappointed with the limited engagement from Rightmove that impeded our ability to make a firm offer within the timetable available. Rightmove, meanwhile, said Monday in a separate statement that its board unanimously rejected REA Group's fourth offer proposal on the grounds that it "materially undervalued Rightmove and its future prospects." REA Group, in which News Corp owns a more than 61% interest, operates a number of property websites in Australia, as well as several brands in India and the U.S. The company sold its real estate site PropertyFinder Group to Rightmove rival Zoopla in 2009, during the Global Financial Crisis.
Persons: Rupert, REA, Owen Wilson, Rightmove, REA Group's, It's, Andrew Fisher, Zoopla, Karen Gilchrest Organizations: Rightmove, REA, Murdoch's News Corp, Reuters, REA Group, News Corp, U.S Locations: London, Rightmove, Melbourne, Australia, India
☆ UK's Rightmove rejects sweetened $8.3 billion bid from Murdoch's REA Group
  + stars: | 2024-09-30 | by ( ) www.cnbc.com   time to read: +2 min
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, U.S. September 23, 2024. British real estate portal Rightmove rejected a sweetened $8.29 billion takeover bid from Rupert Murdoch's Australian property listing firm REA Group on Monday, saying the fourth bid still undervalued the company. That gave Rightmove an implied value of 781 pence per share, about a 3% increase over the previous bid. Rightmove said that during the discussions, REA had requested to extend the deadline to allow it to consider a potential fifth proposal. The U.K. company looks primed for a steady recovery from a property market downturn as the potential for more rate cuts boosts sentiment in the U.K. housing sector.
Persons: Rupert Murdoch, Rupert Murdoch's, REA, Rightmove, Andrew Fisher, Hamish McLennan, Rightmove's Organizations: REA Group, Murdoch's News Corp, REA, OnTheMarket Locations: Reno , Nevada, U.S, British, U.K
☆ Asking prices for UK homes drop sharply - Rightmove
  + stars: | 2023-08-20 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Toby Melville/File photo Acquire Licensing RightsLONDON, Aug 21 (Reuters) - Asking prices for homes in Britain fell sharply this month as rising mortgage costs caused sellers to lower their expectations of what they can get for their properties, an industry survey showed on Monday. Website Rightmove said average asking prices for homes dropped by 1.9%, the biggest monthly fall for August since 2018 and twice as steep as the usual summertime fall. Mortgage lenders Nationwide and Halifax both previously reported falls in selling prices in July. Rightmove's survey also showed the number of home sales was down 15% compared with 2019, before the pandemic. Average asking prices for homes were 2% below their peak in May but, reflecting the surge in demand during the pandemic, remained 19% higher than in August 2019, Rightmove said.
Persons: Toby Melville, Rightmove, William Schomberg, Suban Abdulla Organizations: REUTERS, Bank of England, Nationwide, Halifax, Homes, Thomson Locations: Bristol, Britain
☆ UK rents climb a third above pre-COVID levels as tenant demand remains firm
  + stars: | 2023-07-20 | by ( ) www.reuters.com   time to read: +2 min
Advertised rents are 9.3% higher than a year ago and 33% more than in 2019, before the COVID-19 pandemic. Tim Bannister, Rightmove's director of property science, said the big increase in rents since the pandemic reflected a significant surge in demand from tenants and contrasted with stagnant rents from 2015 to 2019. Rightmove said there were 7% more properties available for rent than a year ago, but 42% fewer than in 2019. Rightmove said 16% of properties for sale were previously on the rental market, up from 13% in January 2019. Tenant demand was 3% higher than in the same period in 2022 and 42% higher than 2019, Rightmove added.
Persons: Rightmove, Tim Bannister, Suban Abdulla, David Milliken Organizations: Thomson Locations: Britain, London
☆ UK house sales at pre-COVID levels after 'mini-budget' shock - Rightmove
  + stars: | 2023-04-11 | by ( Suban Abdulla | ) www.reuters.com   time to read: +2 min
Property website Rightmove (RMV.L) said the number of sales agreed between sellers and buyers was just 1% lower last month than in March 2019 as borrowing costs edged down from their leap after the September 'mini-budget'. However, while the total number of agreed sales had improved from being 21% below 2019 levels as recently as January, they remained down 18% when compared with March 2022. Real estate agents noted a "significant upswing" in buyer demand for apartments of all sizes, with agreed sales rising 10% from 2019, up from a fall of 11% at the start of 2023. London saw the most pronounced recovery in the broader market, with overall agreed sales increasing 11% compared to March 2019, and agreed sales of apartments 23% higher. Rightmove said a third of properties were reduced from their original asking price, up from 19% last year although in line with pre-pandemic levels.
☆ UK property asking prices show weakest February gain on record: Rightmove
  + stars: | 2023-02-20 | by ( Suban Abdulla | ) www.reuters.com   time to read: +3 min
LONDON, Feb 20 (Reuters) - Average asking prices for British residential property rose by just 14 pounds ($17) in February from January, the smallest rise on record for a month which normally sees a big seasonal increase, data from property website Rightmove showed on Monday. Tim Bannister, Rightmove's director of property science, said asking prices usually rose at this time of the year, which marks the start of the spring selling season. Compared with a year earlier, asking prices were still 3.9% higher. Asking prices remaining flat on the month, rather than falling, could be a positive sign for the housing market, suggesting a softer landing than many analysts have forecast, Rightmove said. Since December 2021, British interest rates have risen steeply.
☆ UK housing market shows strains from "mini-budget": Rightmove
  + stars: | 2022-10-16 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 17 (Reuters) - Britain's housing market lost momentum this month after Prime Minister Liz Truss's economic plans upset financial markets and triggered a repricing of the mortgage market, data from property website Rightmove showed on Monday. Asking prices for homes coming to the market rose by 7.8% year-on-year in October, the smallest increase since January. The turmoil meant some institutions temporarily stopped selling mortgages to new customers, while others ramped up repayment rates for new loans. Rightmove reported a rush of buyers trying to complete sales before mortgage offers fixed at prior lower repayment rates expired. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andy Bruce Editing by William SchombergOur Standards: The Thomson Reuters Trust Principles.
☆ UK home asking prices rise, tax cuts to spur demand: Rightmove
  + stars: | 2022-09-25 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterLONDON, Sept 26 (Reuters) - Asking prices for British homes advertised rose solidly this month and last week's cut to property purchase tax announced by finance minister Kwasi Kwarteng could fuel demand further, property website Rightmove said on Monday. Prices rose by 8.7% in annual terms after an 8.2% increase in August, with the average asking rising to 367,760 pounds ($399,240), Rightmove said. "Friday's announcement is likely to stimulate some more demand (in the housing market)," Rightmove director of property science Tim Bannister said. Rightmove's index of asking prices, which is not seasonally adjusted, typically falls in November and December. ($1 = 0.9211 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by David Milliken, editing by Andy Bruce and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.
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