Rightmove, the UK’s largest online real estate portal, has recently issued a holding statement in response to the ongoing COVID-19 pandemic. The statement, released on their website, addresses the concerns and challenges faced by the real estate industry during these uncertain times.
In the statement, Rightmove acknowledges the impact of the pandemic on the housing market and the difficulties faced by both buyers and sellers. They also highlight the measures they are taking to support their customers and the wider industry.
One of the key points mentioned in the holding statement is the introduction of a 75% discount for agents in April and May, with the possibility of extending it further. This move aims to ease the financial burden on agents and help them continue their business operations during these challenging times.
Moreover, Rightmove has also announced that they will not be charging any fees for new developments and new homes listings until the end of June. This will provide much-needed relief for developers and builders who are facing delays and disruptions due to the lockdown measures.
In addition to these measures, Rightmove has also pledged to support their customers by providing them with a range of tools and resources to help them navigate through these uncertain times. This includes virtual viewings, online valuations, and the ability to update property listings with any changes in status.
The holding statement also addresses the concerns of those who have already paid for advertising on Rightmove. The company has assured their customers that they will be offering refunds or credits for any unused advertising that has been affected by the pandemic.
Rightmove’s CEO, Peter Brooks-Johnson, stated in the holding statement, “We understand the challenges faced by our customers during these unprecedented times and we are committed to supporting them in any way we can. Our aim is to provide a platform that helps the industry continue to operate and adapt to the changing circumstances.”
The company’s proactive approach and swift response to the current situation have been praised by many in the industry. Rightmove’s efforts to support their customers and the wider real estate community have been welcomed and appreciated during these difficult times.
The holding statement has also reassured the public that Rightmove is committed to playing their part in helping the housing market recover once the lockdown measures are lifted. They have stated that they will continue to monitor the situation closely and make any necessary adjustments to their services to support the industry.
The real estate industry has been significantly impacted by the COVID-19 pandemic, with many facing financial difficulties and uncertainty. Rightmove’s holding statement is a positive step towards providing much-needed support and relief to their customers and the wider industry.
In conclusion, Rightmove’s holding statement is a testament to their commitment to their customers and the real estate industry as a whole. Their proactive measures and support during these challenging times are a ray of hope for the industry and a reflection of their dedication to helping the housing market recover.