Rightmove has revised downward its full-year revenue growth forecast for 2026, citing a slowdown in the UK new-build housing market despite a strong performance in the first half of the year. The property listings platform now anticipates revenue growth of between 6 and 8 percent for the year, compared to its earlier projection of 8 to 10 percent.

The adjustment reflects reduced activity in Rightmove’s new-homes division, where lower volumes of property developments have affected overall revenue expectations. While the company experienced solid results during the opening six months, the weaker demand and supply dynamics in the new-build segment prompted the revision.

Rightmove’s update underscores ongoing challenges in the UK housing market, particularly in the new-build sector, which remains sensitive to factors such as construction delays, planning constraints, and changing buyer sentiment. The company’s core business continues to benefit from prevailing housing market conditions, but the reduced pipeline of new developments poses headwinds for future growth.

The firm did not provide specific details on how the change in guidance might impact its operating margins or investment plans, focusing instead on the outlook for top-line performance. Market analysts will likely monitor Rightmove’s subsequent earnings updates for further clarity on the pace of recovery in the new-build housing market.