Rightmove sees higher mortgage rates weighing on UK housing market [Reuters]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: Reuters
completion times for property sales are expected to weigh on buyer sentiment but still forecasted a better 2024 for the UK residential market. Rightmove, kept its annual revenue and profit expectations unchanged but raised its customer numbers forecast. Rightmove, which runs UK's largest property portal, said it expected its customers to grow by 2% from last year's levels, compared with earlier forecast of a "slight decrease". Coming soon: Get the latest news and expert analysis about the state of the global economy with Reuters Econ World. Sign up Reporting by Prerna Bedi, Aby Jose Koilparambil and Yamini Kalia in Bengaluru; Editing by Rashmi Aich Our Standards:
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