All-Time High for Rightmove on Record Site Traffic

Before you go, we thought you'd like these...
Before you go close icon

LONDON -- Rightmove , the U.K.'s most popular property website, saw its shares hit all-time highs on Wednesday following a buoyant interim management statement.

The UK's sixth most popular website said April 2013 was its busiest month ever -- it clocked up a staggering 1.25 billion page views as eager house-hunters trawled its pages in search of properties to buy and rent.

Over the four months from January to April, overall site traffic was up 20% from a year earlier.


The site's popularity has increased demand from estate agents and new home sellers to get their homes listed. While the number of home floggers on the site rose modestly to 18,526, Rightmove was able to increase its fees and 80% of listers are buying more than one product from the company.

On the back of these early results -- and assuming no major downturn in the U.K. housing market -- management is confident it will meet expectations for the year. Analyst expectations are for Rightmove's earnings to grow 11% this year and the forward earnings multiple nearly 27.

If, despite the company's strong start to the year, Rightmove is too rich for your tastes, you might be interested in other opportunities. This exclusive wealth report reviews five particularly attractive possibilities.

Just click here for the report -- it's free.

The article All-Time High for Rightmove on Record Site Traffic originally appeared on Fool.com.

Andy Paul has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners