Rightmove plc (RTMVY)
- PA Media: Money
First-time buyer nil-rate stamp duty threshold should be retained – Rightmove
The nil-rate threshold for first-time buyers is temporarily set at £425,000 and this is due to revert to £300,000 in spring 2025.
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The latest investor updates on stocks that are trending on Friday.
- Reuters
UK property portal Rightmove flags pressure from fall in new homes
(Reuters) -Rightmove, Britain's largest property portal, reported a 1% rise in half-year profit on Friday and said revenue from new homes will be pressured by falling development numbers, with no recovery expected in the second half of the year. The British housing market has been betting on a near-term recovery on easing mortgage rates amid cut-throat competition among lenders and potential Bank of England interest rate cuts in a sector where demand levels have remained subdued for most of 2024. "It will take one or two rate cuts before people really start to feel that we're truly out of the woods in terms of any further rate pressure," Rightmove Chief Financial Officer Alison Dolan told Reuters.
