Despite ungrounded grumbles that there may be a slowdown in the property market in 2018, Rightmove have shown that there is still a strong and vibrant demand out there for property.
The property portal has competition from recent entrant On The Market but this didn’t stop the company growing customer numbers to an all-time high of 20,427 in 2017.
The increasing number of agents on the site shows that property transactions are strong as the market looks to go from strength to strength in 2018. It meant that revenues went up by 11% for the business and shines a light to the near future of property in the UK.
Great News For Rightmove – And The UK Housing Market
And this shows that the market is robust and growing. This is a great time to buy and sell property with advances in technology and better standards shown by estate agents, helping to deliver better value for money and results for everyone involved in the process.
The chairman of Rightmove, Scott Forbes, stated that “It was a proud year of achievement serving property professionals and home hunters. We are committed to continuing that effort with the same level of energy, innovation, and sensitivity to the needs and demands of all our stakeholders in 2018.” And this is positive news all-round.
A National Housing Market
The growth of Rightmove demonstrates that all regions of the UK are contributing more to the housing market.
Whereas recent growth has been pushed by London and the South East, the other parts of the UK have been more influential in sustaining a far-reaching, exciting housing market.
This has been supported with government initiatives such as the Northern Powerhouse that support investment in the north of the country. With these results from Rightmove, we see a bright 2018 and beyond for the UK housing market.