House hunters show increased interest

Rightmove, the property website has been reported in The Financial Times as having a significant increase in house hunters to its website. For the first time in April 2009 traffic to the website has increased relative to the same month in 2008. Interest on the website is now running at a similar level to that shown before the downturn.

In addition, it has been reported that there has been a significant decline in the rate at which estate agents are leaving the industry. No estate agents have left the industry in 2009.

Rightmove’s board of directors said that the outlook for the UK property market was now “cautiously positive” and that 2009 pre-tax profits should be ahead of its previous expectations.

A glimmer of light at last?

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