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UK property firm Rightmove sees record website views as market picks up

Published 30/05/2020, 00:05
Updated 30/05/2020, 00:10
© Reuters. Outbreak of the coronavirus disease (COVID-19), in London

LONDON (Reuters) - British biggest property website, Rightmove, said it had its busiest day on record this week, suggesting the housing market is picking up after the government eased its coronavirus lockdown for the sector in England.

Rightmove said its site had more than 6 million visits for the first time on May 27, up an annual 18%.

"The challenge agents are facing is handling this surge in enquiries, having a process to deliver virtual viewings, and setting up socially distanced and safe physical viewings," Rightmove's commercial director, Miles Shipside, said.

The pace of a sharp fall in agreed sales had eased off but it would take "considerable time" for them to return to levels of early 2020, Shipside said.

© Reuters. Outbreak of the coronavirus disease (COVID-19), in London

Rightmove said areas which drew the most interest included places on or close to England's south coast and in its northern towns and cities, suggesting people were planning to work more from home, rather than commute to offices, after the lockdown.

Latest comments

British economy is going in serious recession so be careful if you go long
Website views does not indicate housing sales. I can view 1000 houses a day on Rightmove, it doesn't mean I've purchased them. It's a lockdown so people have time on their hands.
Someone is trying to give hype to GBP haha
Caution for those buying, market is going south...
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