Download full report with analyst certification and important disclosures
Mar 7 2022, 07:00 GMT
Disruptive technology
February UK housing snapshot
- Companies : Rightmove plc | Purplebricks Group plc
DAVY VIEW
We follow the UK housing market to inform our view on Rightmove (RMV) and Purplebricks Group (PURP). RMV is less impacted by the ups and downs, but PURP seems to struggle in a challenging market. Akin to the capital markets, observers are confused – what happens next? February 2022 showed a significant drop in the sentiment-led Twindig index, down c.6%, but transactions and mortgage approvals were up 9% and 12% respectively against the long-run average.
