Lockdown easing and a stamp duty holiday. I’d invest in the Rightmove share price right now!

first_img Our 6 ‘Best Buys Now’ Shares The coronavirus has negatively impacted a lot of industries. One of these has been the property sector. For those looking to move, it was impossible to have physical viewings for months. The government actually warned against moving during parts of the pandemic. For investors, property prices didn’t offer any better news. Nationwide reported prices falling the most in May since 2009, at a 1.7% drop. Naturally this took a toll on the revenues of any firm involved in the property space, including Rightmove (LSE: RMV) and its share price. So why buy now?A turning tideWe all know how quickly things can change, as seen in March. On the flip-side, it doesn’t take much for positive change to come into effect. The first sign of encouragement for Rightmove was the announcement on a stamp duty holiday. The Chancellor gave the green light a month ago for no stamp duty to be paid on the first £500k of a property price. This has encouraged buyers to come back to the market, given that it would save around £15k for a £500k property.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The second positive change that will help the Rightmove share price is the easing of restrictions from the coronavirus. How can you move house or view a new house if you are told to stay within your own home for safety? But with the UK registering fewer than 1,000 new cases a day since July 15, restrictions have been eased. Hence the housing market springing back into action.Boosting the Rightmove share priceRightmove is an online portal where estate agents list properties. It relies on internet traffic and agents advertising on the portal. Before the tide turned, the share price was falling as investors realised the business would see a slowdown. This was confirmed with its results for the first half of the year. Average revenue per advertiser fell 34%, and there was a similar move lower on overall revenue and profit.Those figures were through to the end of June,but I expect the next half to be a different story. Rightmove commented that it’s seeing a lot of pent-up demand. Its CEO said “it’s quite incredible that 65 of our record days have been since 13 May”.I’m not going to claim that the property market (and therefore the Rightmove share price) is going to be the best performing sector over the next year, but I do think it’ll be up there. As a starting point, a bounce-back in revenue for Rightmove should put the share price back close to where it was before the virus. This would return around 12% from current levels.From there, the share price can resume the growth stock performance we’ve seen over the past few years. In case anyone has forgotten, it has gained over 1,000% in the past 10 years. It was only the virus that put a brake on performance. So from my point of view, this is a great time to buy into the Rightmove share price and ride the wave back higher.  “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Lockdown easing and a stamp duty holiday. I’d invest in the Rightmove share price right now! Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Jonathan Smithcenter_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has recommended Rightmove. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Jonathan Smith | Monday, 10th August, 2020 | More on: RMV Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images last_img

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