Disruptive Technology

April UK housing snapshot: stubborn kind of fellow

  • Sectors : Disruptive Technology
  • Companies : Purplebricks Group plc | Rightmove plc | OnTheMarket plc


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 70.5p
Purplebricks Group plc OUTPERFORM 06/03/23 Neutral 24/01/22 6.4p
Rightmove plc OUTPERFORM 24/01/22 N/A N/A 574p


Mortgage approvals continue to recover (up 18% in March) – are we seeing demand outweigh the macro forces in a characteristically stubborn UK housing market? Approvals remain historically low, but they are not screaming ‘doomsday’ like many market commentators suggested. Great news for estate agents, able to keep trading, and Rightmove (RMV) is perhaps insulated from a fall in subscribers.

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May 5 2023, 07:00 IST/BST