Property firm says market is starting to show growth

RIGHTMOVE says it continues to see growth in membership numbers amid improving conditions in the UK housing market, as listings hit a 10-year high on its platform.

- 

The property listings giant said it is still forecasting revenue growth between 8% and 10% this year compared with the year before.

The company said this was bolstered by growing membership numbers, as well as improving revenue per advertiser, a key metric for the firm.

Rightmove was reporting its financial results for the first four months of the year, ending on April 30, including the months before the stamp duty holiday ended, which had temporarily raised the threshold for paying the tax on property purchases.