The FTSE-100 started the year at a little over 6,730 and is ending at well over 7,630 - an extremely healthy rise of around 13 percent, despite what can only be described as extraordinary volatility for the UK’s political and economic landscape.
The FTSE-250 (consisting the 101st to 350th largest listed firms) has done even better, rising from around 17,600 at the start of 2019 to very nearly 22,000 today.
Likewise many agency and property-related firms have done equally well in the past 12 months:
Rightmove: this is perhaps the stand-out share price winner of 2019, in our industry, rising a remarkable 50 percent or more, soaring from below 425p a share to around 650p. Although beaten by others in terms of percentage rise, Rightmove is very much a ‘UK only’ company which many believe is highly exposed to the fortunes of the British housing market and estate agents’ bottom lines. For all the criticism, the brickbats, the threats of agents departing - Rightmove’s 2019 has been remarkable.
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