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Die Hauspreise in Großbritanniens am meisten begehrten Seebadeorten sind umgesprungen. Nach einer Analyse der Immobilien-Website Rightmove fielen die Preise in allen, aber zwei der zehn exklusivsten Orte wie Cornwall, Hampshire und Dorset im letzten Jahr um bis zu 7%.

In Sandbanks in Dorset, einem der teuersten Standorte für ein Seebolwerk in Großbritannien, sanken die Preise um 4% auf durchschnittlich £1.119.945. In Sidmouth, Devon, fielen die Werte um 6% auf £450.971. Die höchste Abnahme von 7% gab es in St Ives und Lyme Regis.

Lucian Cook von der Immobilienagentur Savills sagte: "Es gibt hohe Niveaus an zweiten Wohnungen in diesen Märkten, und diese Käufer sind discretionary. Wenn also Druck auf den Wohnungsmarkt kommt, sind diese Käufer weniger zahlreich."

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Der Durchschnittspreis eines Hauses stieg um £4,333 monatlich im Mai aufgrund "überraschend starkem" Markvertrauen, wie eine Immobilienwebsite meldet. Der durchschnittliche Preis für ein Haus, das verkauft wird, betrug 1,2% höher als im Vorjahr und erreichte £378,304, laut Rightmove. Trotz des Anstiegs sind die Durchschnittspreise seit Mai 2025 um 0,3% gefallen, wie der Bericht sagt.

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NatWest hat einen starken Start in das Geschäftsjahr 2026 hingelegt. Der Kunde-Kredit-Betrag stieg um 6,6 % auf 400 Mrd. Pfund, der Umsatz betrug 4,2 Mrd. Pfund und der Betriebsertrag vor Wertberichtigung stieg um 11,6 % auf 2,3 Mrd. Pfund. Der Gewinn pro Aktie stieg um 15,5 %. Die Bank hat auch ihre Kapital- und Kostenprognose gestärkt.

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It has become cheaper to rent a home in Britain than to buy, following a sharp rise in mortgage rates since the war in Iran, new figures show.

The cost of a typical new mortgage payment has overtaken the average rent for the first time since June last year, according to analysis by Rightmove.

It found the average advertised monthly rent across Britain is currently £1,547.

This was £123 lower than the average new monthly mortgage payment of £1,670.

Rightmove’s mortgage figure is based on the current average asking price for a home of £373,971 and the average two-year fixed rate in April so far. It also assumes a buyer has a 20% deposit and a 30-year term to pay off their mortgage.

The shift has been driven by borrowing costs moving higher since the beginning of March, when conflict escalated in the Middle East.

This led to swap rates, which are used by lenders to price mortgages, to rise amid volatility in the financial markets, prompting lenders to pull a swathe of mortgage deals from the market.

As a result, the average two-year fixed mortgage rate has increased from 4.24% in February to 5.35% in April, Rightmove said.Analysis shows it may be cheaper to rent a home than buy (Yui Mok/PA)·Yui Mok

However, a wave of banks and building societies have been cutting their rates in the past few days in a sign of more positive sentiment entering the market.

Colleen Babcock, Rightmove’s property expert, said: “Mortgage payments have risen quite sharply in a short space of time for new buyers.

“It will be interesting to see whether more would‑be buyers turn to renting temporarily while rates remain high, particularly when monthly costs can exceed average rents and the timing of rate cuts is still unclear.”

Rightmove’s analysis shows that while renting is cheaper than a mortgage on average across Britain, this is not the case for Scotland and the North East, where it remains cheaper to buy.

The gap between rents and mortgage payments also varies significantly in different regions of Britain.

In the South East, the average monthly rent is £304 less than the average mortgage payment. This rises to £362 in London.

In comparison, in the North West it is £7 cheaper to rent than buy, according to the analysis.

Furthermore, factors such as buying a home with a larger deposit, borrowing less from the bank or spreading payments over a longer period can all lower monthly mortgage costs on an individual basis.

Nathan Emerson, chief executive of Propertymark, said: “This shift highlights the wider economic pressures facing consumers, where affordability challenges are being felt across both renting and buying.

“While renting may appear comparatively cheaper in the short term, it does not necessarily mean it is more affordable overall, particularly as tenants continue to manage the cost of living and limited housing supply.”

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Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.

Rightmove’s fair value estimate has been adjusted from £5.75 to £5.69, sitting within a wider debate that includes bullish targets up to £7.65 and more cautious levels such as £5.21. These moves reflect differing analyst views on how much upside remains from current prices, with some trimming targets yet keeping positive ratings, and others pairing lower targets with more cautious stances. As you read on, you will see how this evolving narrative might shape the way you track Rightmove from here.

Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Rightmove.

What Wall Street Has Been Saying

🐂 Bullish Takeaways

RBC Capital, through analyst Anthony Codling, maintains an Outperform rating, signalling continued confidence in Rightmove’s business model even after trimming its price target to 765 GBp from 775 GBp. The RBC stance suggests that, in its view, current pricing still leaves room for upside, with the revised target reflecting updated assumptions rather than a complete reassessment of the company’s core strengths.

🐻 Bearish Takeaways

JPMorgan, which most recently adjusted its target to 521 GBp from 527 GBp and keeps an Underweight rating, is taking a more cautious line on valuation, implying less room for upside at current levels. The repeated JPMorgan target cuts, including the unspecified 32 GBp reduction, indicate ongoing concerns about how current growth expectations, execution risks, and pricing already factor into the share price.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!LSE:RMV 1-Year Stock Price Chart

We've flagged 1 risk for Rightmove. See which could impact your investment.

What's in the News

The Board of Directors has proposed a final dividend of 6.59 pence per qualifying ordinary share for the year ended 31 December 2025, with a total cash amount of £49,500,000, subject to shareholder approval, compared with £46,900,000 for 2024. Rightmove announced a share repurchase program to buy back up to £90m of its shares, with all repurchased shares to be cancelled and the program scheduled to run until 31 July 2026. The Board authorized a buyback plan on 27 February 2026, setting the governance framework for ongoing share repurchases under the existing program. Between 1 July 2025 and 31 December 2025, Rightmove repurchased 12,295,037 shares for £76.1m and in total bought back 15,489,884 shares for £98.92m under the 13 May 2025 program, representing 2.01% of the company.

Story Continues

How This Changes the Fair Value For Rightmove

The fair value estimate has been adjusted from £5.75 to £5.69. The assumed annual revenue growth rate has moved from 8.72% to 8.68%. The projected net profit margin has been refined from 47.83% to 47.89%. The forward P/E multiple assumption has changed from 20.76x to 20.23x. The discount rate used in the model has shifted from 8.71% to 8.73%.

Never Miss an Update: Follow The Narrative

Narratives link a company’s business story to a financial forecast and fair value, so you can see how product moves, competition, and capital returns fit together. They refresh as new data, research, and market context come through.

Head over to the Simply Wall St Community and follow the Narrative on Rightmove to stay up to date on:

How high engagement, AI tools, and premium agent packages are used to support ARPA and margins on the core UK portal. The role that newer verticals such as mortgages, rental services, and commercial play in diversifying revenue away from the resale market. Key risks around agent churn, lower priced new customers, reliance on the UK housing market, and rising competition from rival portals.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include RMV.L.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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LONDON, April 16, 2026--(BUSINESS WIRE)--Citi Issuer Services, acting through Citibank N.A., has been appointed by Rightmove Plc ("Rightmove"), as Depositary Bank for its sponsored Level 1 American Depositary Receipt ("ADR") program.

Rightmove’s ADRs trade on the over the counter (OTC) Market under the symbol "RTMVY". Each ADS represents 2 ordinary shares of the company. Rightmove’s underlying ordinary shares are listed and traded on the London Stock Exchange under the symbol "RMV".

Commenting on the appointment, Dirk Jones, Head of Issuer Services at Citi, said: "We are committed to supporting Rightmove with high quality services through our industry-leading ADR solutions. Our deep capital markets expertise and extensive global network enable us to facilitate seamless access to global capital markets for issuers like Rightmove."

Citi Issuer Services is a leading provider of depositary receipt services. With depositary receipt programs in over 65 markets, spanning equity and fixed-income products, Issuer Services leverages Citi’s global network to provide cross-border capital market access to issuers, intermediaries, and investors.

For more information on Citi’s Depositary Receipt Services, please visit www.citi.com/dr.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

View source version on businesswire.com: https://www.businesswire.com/news/home/20260416310128/en/

Contacts

Citi Media Contact: Harsha Jethnani harsha.jethnani@citi.com +65 93830872

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The number of available homes to rent is 3% higher than a year ago, according to RightmovePhotograph: Yui Mok/PA·Photograph: Yui Mok/PA

Average private rents have stopped rising in Great Britain after almost a decade of increases, as more landlords cut their prices to secure a tenant, data shows.

The typical advertised private rent outside London for properties coming on to the market remained flat at £1,370 a calendar month in the first three months of 2026, according to the property website Rightmove.

It is the first time since 2017 that rents have not increased in the first three months of a year compared with levels at the end of the previous year.

The findings showed that affordability remained stretched, Rightmove said, amid evidence that more tenants were hitting the “ceiling” of what they could afford to pay.

Jeremy Leaf, an estate agent in north London and former residential chair of the Royal Institution of Chartered Surveyors, said after the Iran war began on 28 February tenants were even more concerned about the rising cost of living than they were before.

However, the war has also caused some people to relocate from the Middle East to the UK, boosting demand in parts of the “prime” rental market, according to the estate agent Chestertons.

Colleen Babcock, Rightmove’s property expert, said: “It’s still early days, but the most immediate shift due to the war in Iran has been some significant increases to borrowing costs for landlords, which may filter through to the market at a later stage.”

Rightmove said landlords were having “to position rents correctly for the current market”. About 26% of rental listings were being reduced in price while they were advertised – the highest proportion recorded since Rightmove began tracking this metric in 2012.

After several years in which demand for rental properties hugely outstripped supply in some areas, lower tenant demand and a wider choice of properties appear to be easing competition for rental homes and reducing the upwards pressure on rents.

Rightmove said the number of available homes to rent was 3% higher than a year ago, adding that supply was at its highest level for this time of year since 2021.

The average advertised rent in London rose by 0.7% during the first quarter to £2,736 a calendar month, though this was still lower than the record reached in the summer of 2025.

Rightmove said there had been “no major signs of changes” to the way the rental market operated before the Renters’ Rights Act came into effect on 1 May 2026. This will abolish section 21 of the Housing Act, which allows landlords to evict tenants without providing a justification to the court.

Charities have claimed that increasing numbers of landlords were evicting tenants at the last minute before the law came into force. However, Rightmove said: “There has been no surge in newly listed homes for rent ahead of 1 May.”

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Okay, here's a summary of the text, followed by a German translation, within the 500-word limit:

Summary (approx. 480 words)

Simply Wall St provides insights into the stock of Rightmove (LSE: RMV) by aggregating information from a global community of investors and analysts. The core of the article focuses on the evolving valuation of Rightmove, currently assessed at £5.75 per share, a reduction from the previous estimate of £6.23. This shift reflects differing opinions among analysts.

Bullish Perspective: RBC Capital maintains a ‘Outperform’ rating, targeting £7.65, believing Rightmove’s business model and growth potential justify a higher valuation.

Bearish Perspective: Morgan Stanley and JPMorgan have downgraded Rightmove to ‘Underweight’ ratings, with lower price targets of £5.10 and £5.21 respectively. This stems from concerns about execution risk and overly optimistic expectations regarding growth and profitability. The consensus among these analysts around the low £5 range provides a cautious benchmark.

Key Valuation Changes: The Simply Wall St platform has adjusted its fundamental analysis, impacting the fair value assessment. Specifically, revenue growth is now projected at 8.72%, net profit margin has decreased to 47.83%, and the future Price-to-Earnings (P/E) multiple has been reduced to 20.76x. These adjustments reflect a more conservative outlook.

Recent Developments: The Rightmove Board announced a final dividend of 6.59 pence per share and a share repurchase program of up to £90 million, scheduled to conclude in July 2026. The company has already repurchased a significant portion of its shares, reducing the outstanding share count.

Strategic Focus: The company is leveraging new AI-powered tools to increase platform engagement and monetize traffic, expanding into new sectors like mortgages and commercial property. However, key risks – agent churn, UK market exposure, and increased competition – are highlighted as potential headwinds.

Simply Wall St’s Narrative Approach: The platform uses a “Narrative” feature, linking a company’s story, industry context, and analyst assumptions to a financial forecast. This dynamic approach ensures users stay informed about evolving expectations. Users can track how these factors affect the company’s valuation.

Disclaimer: The article emphasizes that its analysis is based on historical data and forecasts, not real-time information, and is not financial advice. Simply Wall St has no stock position in Rightmove.

German Translation (approx. 500 words)

Zusammenfassung des Artikels von Simply Wall St über Rightmove (LSE: RMV)

Simply Wall St bietet Einblicke in den Aktienkurs von Rightmove (LSE: RMV) indem es Informationen aus einer globalen Gemeinschaft von Investoren und Analysten zusammenführt. Der Kern des Artikels konzentriert sich auf die sich entwickelnde Bewertung von Rightmove, die derzeit bei 5,75 £ pro Aktie liegt – eine Reduzierung gegenüber der vorherigen Schätzung von 6,23 £. Diese Verschiebung spiegelt unterschiedliche Meinungen unter Analysten wider.

Optimistische Perspektive: RBC Capital hält an einer Bewertung von “Outperform” mit einem Kursziel von 7,65 £ fest und glaubt, dass das Geschäftsmodell und das Wachstumspotenzial von Rightmove eine höhere Bewertung rechtfertigen.

Pessimistische Perspektive: Morgan Stanley und JPMorgan haben Rightmove auf “Underweight” reduziert, mit niedrigeren Kurszielen von 5,10 £ bzw. 5,21 £. Dies ist auf Bedenken hinsichtlich des Durchführungsrisikos und zu optimistischen Erwartungen hinsichtlich des Wachstums und der Rentabilität zurückzuführen. Die Konsensmeinung unter diesen Analysten bei dem niedrigen £5-Bereich bietet eine vorsichtige Referenz.

Wesentliche Bewertungsänderungen: Die Simply Wall St Plattform hat ihre fundamentale Analyse angepasst, was die Fair-Value-Bewertung beeinflusst. Insbesondere wird das Umsatzwachstum nun auf 8,72 % prognostiziert, die Nettogewinnmarge sinkt auf 47,83 % und das zukünftige Kurs-Gewinn-Verhältnis (KGV) wird auf 20,76x reduziert. Diese Anpassungen spiegeln eine konservativere Einschätzung wider.

Aktuelle Entwicklungen: Der Vorstand von Rightmove hat eine endgültige Dividende von 6,59 Pence pro Ordentlicher Aktie und ein Aktienrückkaufprogramm von bis zu 90 Millionen £ angekündigt, das im Juli 2026 enden soll. Das Unternehmen hat bereits einen erheblichen Teil seiner Aktien zurückgekauft und somit die Anzahl der ausstehenden Aktien reduziert.

Strategischer Fokus: Das Unternehmen nutzt neue, KI-gestützte Tools, um die Plattforminteraktion zu erhöhen und den Verkehr zu monetarisieren und expandiert in neue Sektoren wie Hypotheken und Gewerbeimmobilien. Allerdings werden wichtige Risiken – Agentenabwanderung, UK-Marktexposition und zunehmender Wettbewerb – als mögliche Herausforderungen hervorgehoben.

Die “Narrative”-Methode von Simply Wall St: Die Plattform verwendet eine “Narrative”-Funktion, die die Geschichte eines Unternehmens, den Branchenkontext und die Annahmen von Analysten mit einer Finanzprognose verbindet. Dieser dynamische Ansatz stellt sicher, dass die Nutzer über sich entwickelnde Erwartungen auf dem Laufenden bleiben.

Haftungsausschluss: Der Artikel betont, dass seine Analyse auf historischen Daten und Prognosen basiert und keine Echtzeitinformationen enthält, und stellt keine Finanzberatung dar. Simply Wall St hält keine Aktien von Rightmove.

Would you like me to adjust the summary or translation in any way?

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Almost £300m has been wiped off the value of Rightmove after it was hit with a £1.5bn lawsuit over claims it charged estate agents “unfair” fees.

The property giant’s shares plunged by as much as 8.7pc early on Wednesday after former Competition and Markets Authority panel member Jeremy Newman filed the legal claim. The slump wiped as much as £280m from its valuation, though the stock later recovered to close down 1.5pc.

More than 250 estate agents have put their weight behind the legal challenge, which alleges that the FTSE 100 property giant has been charging “excessive” subscription fees to use its property listings portal.

The claim, which has been filed with the Competition Appeal Tribunal, could be worth as much as £1.5bn in damages. Rightmove is accused of breaking competition rules by using its market share to pressure estate agents to pay higher fees.

Mr Newman said: “There has been an extremely encouraging response from estate agents since we announced this legal action. The stories shared by businesses, both small and large, have confirmed long-held concerns in the market about Rightmove’s conduct.

“Filing this claim today advances the route to meaningful compensation for those businesses who have had very little choice but to absorb excessive fee increases for many years.”

A spokesman for Rightmove said the business was aware of reports that an application to begin legal proceedings had been filed with the courts. It denies the allegations.

The spokesman added: “Rightmove is confident in the value we provide to our partners and consumers. The potential claim is without merit, and we will defend it vigorously.”

Mr Newman’s case is fully financed by Innsworth Capital, a funding arm of US hedge fund Elliott that is owned by billionaire Paul Singer.

The legal claim comes at a time of turmoil for Rightmove. The company runs Britain’s most popular property website, accounting for more than 80pc of time spent on UK property listings sites.

However, its shares have remained depressed since November, when it lost more than £1bn in value after it warned plans to spend heavily on AI would hurt profitability.

Its share price has plunged by around 50pc since August last year.

Listed property companies were ensnared in a widespread AI sell-off in February, as traders bet on chatbots replacing estate agents as well as other service-based industries such as wealth management.

Johan Svanstrom, Rightmove’s chief, has staunchly defended its recent investment push into the technology, telling The Telegraph this year that fears AI will replace agents and listings websites as intermediaries were “wildly overblown”.

Story Continues

“AI [is] an opportunity from a business perspective, not a threat, and I absolutely don’t think it’s going to replace the people down to zero in the case of an estate agent,” he said in February.

Mr Svanstrom also said he believed the future is in conversational AI. His strategy has included launching an app within ChatGPT, which will help Rightmove to learn how people find listings within conversational AI environments.

The legal case also comes as property groups are struck by wider uncertainty over the housing market.

The latest data from Nationwide shows UK house prices rising by 0.9pc in March, the fastest monthly increase in around 18 months.

However, economists at Nationwide recently noted that geopolitical tensions were clouding the outlook for mortgage rates and risked upsetting buyer confidence.

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Hundreds of estate agents have expressed support for legal action against Rightmove, which is being accused of charging excessive and unfair subscription fees.

Shares in Rightmove were falling by about 5% after the case against the property website was filed with the Competition Appeal Tribunal.

It is being led by former panel member for the UK’s competition watchdog, Jeremy Newman, and seeking damages worth around £1.5 billion.

Mr Newman said there had been “an extremely encouraging response” from estate agents since the legal action was announced in November.

Around 250 businesses across the UK have expressed interest in and support for the claim, according to the group behind the case.

“Filing this claim today advances the route to meaningful compensation for those businesses who have had very little choice but to absorb excessive fee increases for many years,” Mr Newman said.

The claim alleges that Rightmove abused its dominant position in the UK online property portal market by charging thousands of estate agents and new home developers excessive and unfair subscription fees.

Rightmove responded to the claim being filed to say it is “confident in the value we provide to our partners and consumers” with a platform that supports “market transparency, liquidity and confidence”.

“As one of the most efficient parts of the UK housing market, we help people across the UK to move home by bringing buyers, sellers, renters, landlords and agents together,” it said.

“This claim is without merit and we will defend it vigorously.”

Based on the estimated total damages and size of the class action, it is understood that the claim assumes agents can be charged thousands of pounds in fees to use Rightmove.

Rightmove has previously come under scrutiny, with a petition gaining more than 2,000 signatures last year calling for an investigation into its pricing model.

The firm has been accused of squeezing small businesses and independent agencies with fees that are higher than what corporate chains pay.

The case is being funded by specialist litigation funder Innsworth Capital Limited with legal support from Scott+Scott UK.

Rightmove says it has the UK’s largest selection of properties for sale and to rent, with around 80% of all time spent on property portals being on its site.

The FTSE 100-listed firm made an operating profit of £288 million in 2025, up 12% on the previous year.

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