Rightmove confirm customer numbers increased to a record high of nearly 20,500
Rightmove PLC today released their Final Results in which they revealed that revenue was up 11% year on year with growth driven by their Agency and New Homes businesses with record customer numbers, up 2% to 20,427
In the operational section they highlighted that: 1 million UK residential properties advertised on Rightmove which is a significant stock advantage compared to any other UK portal, continued traffic growth with visits up 4% averaging over 125 million visits per month and time on site unchanged at nearly 1 billion minutes per month.
Peter Brooks-Johnson, Chief Executive Officer, said:
“The UK public has once again moved with Rightmove, spending 11.7 billion minutes on Rightmove platforms in 2017. Our focus and innovation continue to make us the place that consumers turn to first and that property professionals turn to most often.
“Our customer numbers increased to a record high of nearly 20,500, testament to our aim to provide customers with the most effective marketing exposure and the highest quality leads, as well as helping to drive efficiencies within their businesses though tools and support.
“As the industry becomes more digital our software has become even more valuable to our customers with 90% of our Agency members making use of it each month. Our market leading position, our culture of restlessness, and our ambition to make our marketplace even more efficient means there are many reasons to be excited by the opportunities ahead for Rightmove, and the Board remains confident of making further progress in 2018″.
Read the announcemnt 23rd February 2018 in full click here.
You May Also Enjoy
Property values climb in Q1
Propertymark backs move to commonhold
Phasing out leasehold flats is the right thing to do
Deposit Disputes Are Rising – Are Baths to Blame?
Inheritance tax haul grows as more families are dragged into the tax net
