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Mar 3 2023, 07:00 GMT
Disruptive Technology
February UK housing snapshot: smoke on the water
- Sectors : Disruptive Technology
- Companies : Purplebricks Group plc | Rightmove plc | OnTheMarket plc
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| OnTheMarket plc | NEUTRAL | 09/08/22 | N/A | N/A | 68.0p |
| Purplebricks Group plc | NEUTRAL | 24/01/22 | N/A | N/A | 8.4p |
| Rightmove plc | OUTPERFORM | 24/01/22 | N/A | N/A | 560p |
DAVY VIEW
Mortgage approvals were revised up for December 2022 and are seemingly hanging tough in January 2023 – is this the famous resilience of the UK housing market or the calm before the storm? Lloyds forecast a 7% fall in prices in 2023. 2023 is shaping up to be a tough year for estate agents, evident by Purplebricks (PURP) being put up for sale as poor leadership, operational confusion and a declining market share weigh.
