Rightmove expects 2027 revenue growth to match 2026 as UK homebuilding slumps

what happened

UK property listing firm Rightmove said on Friday that it expects revenue growth in 2027 to be roughly in line with 2026. According to Reuters, the company is being held back by a slowdown in new home construction, driven by higher mortgage rates and rising building costs for developers.

Rightmove lowered its 2026 revenue growth forecast to 6% to 7%, down from 6% to 8%, and now expects adjusted operating profit growth at the lower end of its 3% to 5% range. It expects average revenue per advertiser (ARPA) to narrow to £100 to £110 in 2026, from £110 to £120 previously, and to stay flat in 2027 as homebuilders cut advertising spending.

Shares fell 3.8% in early trade before recovering to rise 0.7%. Peel Hunt analyst Jessica Pok said Rightmove's technology investment and pace of product launches should support faster ARPA growth over time. The Bank of England raised interest rates on Thursday.

why it matters

For markets, the update signals that the UK property sector remains under pressure, with rates and mortgage affordability still weighing on demand for new homes. For Rightmove, whose revenue depends on advertising from developers and agents, it points to slow growth in the near term.

market impact

Rightmove: weaker revenue and ARPA outlook pressures the shares

• ▼Rightmove shares pressure down — lower revenue guidance and a flat ARPA outlook for 2027

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