The post-Brexit property market holds no fears for property website Rightmove, whose shares jumped earlier after it said it was confident of meeting full-year forecasts. The company, whose website was visited over 750 million times in the first half, saw its shares rise 7%, 251p, to 4041p as revenue surged 16% to £107.9 million. Rightmove’s has 1.1 million UK homes advertised on the site, 40% higher than rivals. Housebuilder Taylor Wimpey also delivered a confident update in its half-year results. Although sales of more expensive homes in central London are slowing, the wider market in the capital remains “robust”, said boss Pete Redfern. It sold 6019 homes during the period, up 3% on the same period last year. Pre-tax profit rose 12.1% to £266.6 million. Since the EU referendum last month, Taylor Wimpey has sold a number of homes in Dalston and Paddington. Redfern said: "Current trading remains in line with normal seasonal patterns. Customer interest continues to be high, with a good level of visitors both to our developments and to our website."
Rightmove and Taylor Wimpey have shown confidence in achieving their yearly forecasts , with increased sales and rising share prices in H1 2016 despite gloomy forecasts for UK property in the post - Brexit environment . Aside from some slowdown at the top end , London property remains in a " robust " state , according to Taylor Wimpey CEO , Pete Redfern with normal levels of seasonal growth . Rightmove 's revenues rose 16 % to £ 1,079 m in the first half while Taylor Wimpey 's pre - tax profit rose 12.1 % to £ 266.6 m with sales of 6,019 m over the period .