|Bid||490.00 x 0|
|Ask||0.00 x 0|
|Day's range||558.40 - 572.20|
|52-week range||415.20 - 588.10|
|Beta (3Y monthly)||0.56|
|PE ratio (TTM)||29.77|
|Forward dividend & yield||0.07 (1.21%)|
|1y target est||466.31|
Asking prices for houses in Britain have suffered their first September fall in nine years as worries about Brexit caused buyers to hesitate and sellers to keep properties off the market, property website Rightmove said on Monday. Rightmove director Miles Shipside pointed to uncertainty about Brexit with Britain due to leave the European Union on Oct. 31 and Prime Minister Boris Johnson saying he is prepared for a no-deal Brexit if needed.
August, normally a quiet month for Britain's property market, has seen a surge in sales, possibly due to buyers seeking to conclude transactions before the country leaves the European Union on Oct. 31, property website Rightmove said on Monday. Rightmove said sales in the August period, which cover the four weeks to Aug. 10, were 6.1% higher than a year earlier and their strongest for the month since 2015, bucking a generally sluggish trend since June 2016's referendum on leaving the European Union. "While the end of October Brexit outcome remains uncertain, more buyers are now going for the certainty of doing a deal, with some having perhaps hesitated earlier in the year," Rightmove director Miles Shipside said.
Asking prices for British homes fell this month for the first time this year as buyers' confidence took a hit from the escalating uncertainty around Brexit, property website Rightmove said on Monday. The average asking price for residential property advertised on Rightmove fell by 0.2% in July after a 0.3% rise in June. Compared with a year ago, prices were down 0.2%, Rightmove said.
Asking prices for British homes rose by the most in over a year in the four weeks to April 6, a survey showed, adding to other tentative signs that the housing market may have passed the worst of its slowdown ahead of Brexit. The 1.1 percent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 percent, property website Rightmove said. Britain's housing market has stumbled since the 2016 Brexit referendum with most measures of prices showing only minimal growth in recent months.
Britain's FTSE 100 rose on Monday as financial firms gained on reports China and the United States were nearing a trade deal, a stronger dollar helped exporter stocks, while clothing retailer Ted Baker advanced after CEO Ray Kelvin's resignation. The FTSE 100 ended 0.4 percent higher and the FTSE 250 closed 0.1 percent higher and clung to its four-month high hit in the last session.
European shares rose to five-month highs in the morning of the first trading day of March as a fresh batch of corporate updates helped drive a risk-on mood after U.S. President Donald Trump earlier fueled some concerns over trade talks with China. "Momentum has flagged slightly in recent sessions and concrete news of an agreement between the U.S. and China is now needed to prolong the rally in risk assets," wrote Peel Hunt analyst Ian Williams, noting that in the meantime it was up to corporate earnings to maintain morale.
Rightmove, which competes with OnTheMarket and Zoopla, has been working on strategies to add more listings to its website. "We believe the competitive environment is getting tougher ... on top of this, the trading environment for agents remains tough," Peel Hunt analysts said. Rightmove — started in 2000 by estate agencies Countrywide, Connells, Halifax and Royal and Sun Alliance — said underlying operating profit rose 10 percent to 203 million pounds for the year ended Dec. 31.
Asking prices for British property are rising at the slowest pace since 2012 amid ongoing Brexit worries, property website Rightmove said on Monday. Rightmove's data suggested a continuation of the weakness in British house prices that intensified in 2018, especially in and around London where fears of economic damage from Brexit made buyers loath to pay more for already-expensive homes. "Given the current market backdrop and ongoing political turmoil, it's not surprising that the more challenging conditions in London and nearby regions mean they have had a slower start to the year," Rightmove director Miles Shipside said.