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I am sure you look at the Rightmove website…but I think you also know why the company’s shares are falling

By Chris Bailey | Friday 3 March 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

There were “three distinct housing markets” according to the Rightmove (RMV) management team. Despite the fact that the UK economy has moved away from the comedy part of September/October PM, this week’s Nationwide update shows you the reality. The housing market started 2022 in a very hot mood…which via higher interest rates and much more was not apparent by the end of the year. What does all this mean for Rightmove shares, given millions of people still enjoy looking at the company’s website?
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