Rightmove network drops 2%

March 4, 2019
Rightmove logo

Maybe it is the sign of the times ie Brexit (anything that goes wrong globally is blamed on Brexit so sod it, I’ll keep the trend going) or maybe it is the recent growth of OnTheMarket who have been on an advertising and signing up agenda of recent. The ‘UK’s number one property website for properties for sale and rent‘ will obviously always have a peak limit dependent on estate agencies trading at the time and their average portfolio of listings, the recent figures shows a 2% drop to just 17,328 now in their network.

Despite many aggravated estate agents seeing the Rightmove fees increasing what seems like each and every year, it is still the household name when it comes to consumers and property searching online and for this reason, some will call it blackmail or being had by the short and curlies, Rightmove can confidently increase their fees (currently £1,005 per advertiser monthly). It is likely that due to its strong position prices will further increase in 2019 and beyond…

Broker Numis forecasts adjusted pre-tax profits of £222 million, giving EPS of 20p in 2019, from £203 million and 18.3p in 2018.

Further reading can be had on Investors Chronicle website.

EAN Breaking News

Breaking News. Have a new story to share with us? Then please get in contact today!

You May Also Enjoy

Breaking News

Guy Fawkes Night set to fizzle out for UK households

Firework Night set to fizzle out as 97% of UK households won’t buy fireworks and 7 in 10 want to see them banned As many as 97% of UK households won’t be buying fireworks to set off at home this Bonfire Night, while more than seven in 10 believe private fireworks displays in residential gardens…
Read More →
Breaking News

Budget tax raid could hit landlords for £3,500 a year

Budget tax raid could cost landlords almost £3,500 a year as property income tax rises Landlords could face almost £500 in additional annual tax per property, rising to nearly £3,500 across an average portfolio, following the Autumn Budget decision to double the previously planned increase in property income tax rates from April 2027. New analysis…
Read More →
Estate Agent Talk

Upfront information: homebuyers want confidence as much as speed

What movers want from upfront information, and it isn’t only speed Having a survey, legal pack and chain details before making an offer would help more than eight in ten respondents, according to LRG’s latest sales report Of the 553 who answered the question, 41% said they would offer with more confidence, although not necessarily…
Read More →
Estate Agents should not all look the same
Estate Agent Talk

How Financial Anxiety Drains Entrepreneurial Energy

Financial anxiety can consume the attention and stamina that business owners need for planning, problem-solving and leading a team. A late payment, an unexpected tax bill or a weak sales month may trigger worry long after working hours have ended. Over time, that mental strain affects sleep, concentration and confidence. The answer starts with creating…
Read More →
Letting Agent Talk

How to future-proof a rental property for changing tenant expectations

Over the past decade or so, tenants have become far more discerning. For more and more people, renting is a long-term prospect and today’s tenants expect their homes to be as safe and comfortable as any home they would own themselves. And as legislation around standards and health and safety in the private rented sector…
Read More →
Breaking News

More than a third of homes undergo price reduction

The latest research from GetAgent.co.uk has revealed that more than a third (34.4%) of homes sold subject to contract (SSTC) across Britain’s major cities have undergone an asking price reduction, with this figure climbing to more than half in Bournemouth, raising questions over whether sellers, and their agents, are pricing their properties realistically when first…
Read More →