I agree with Dominic, as invariably I do. All the dominoes are lined up for a real correction this year. Anyone buying housebuilding shares needs their head examined. The great Frisby opines:
I must admit that I am slightly surprised that Rightmove (RMV) shares are slightly up year-to-date and I wrote just over four months ago that "you may still love its website, but life is getting tougher for Rightmove plc". Can none of us get enough property market hype, naively thinking that every fall is an opportunity to buy?
I have never been a big user of Rightmove (RMV), but I do see that a couple of homes relatively near to where I live have decided to quit trying to sell this year. That is sensible and I am sure they are not the only ones around the country to come to a similar conclusion. How is all this - and lower house prices generally - impacting Rightmove?









