Rightmove cautions on sluggish homes development growth
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Rightmove PLC has issued a cautious outlook on the property market, highlighting slow growth in new homes development. The company has adjusted its full-year membership growth forecast from 2% to 1% due to this sluggish recovery.
November 08, 2024 | 8:00 am
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Rightmove PLC has revised its full-year membership growth forecast from 2% to 1% due to slow recovery in new homes development, indicating potential challenges in revenue growth.
Rightmove's adjustment of its membership growth forecast from 2% to 1% due to slow new homes development suggests potential revenue challenges. This could negatively impact investor sentiment and the stock price in the short term.
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