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Rightmove forecasts strong housing market after 2021 profit surge -Breaking

by Mike Robinson

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© Reuters.

(Reuters] – Rightmove.com, a British online real-estate portal (OTC:), said Friday it expected transaction levels to recover to pre-pandemic levels by the end of this year. It dispelled concerns that there would be a slowdown due to rising inflation and a rise in living costs.

The FTSE-100 company, which manages the largest country-wide property site, reported an operating profit of 226.1 million pounds ($303.25million) for the year ending Dec. 31, compared to 135.1 million pounds a previous year.

($1 = 0.7456 pounds)

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