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 from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Estate Agent Talk

How to find out when a property was built and why it’s important to know

A leading provider of niche and specialist insurance to the home insurance market, Stanhope, has provided a step-by-step guide to finding out when a property was built and explained why it is so important for the homeowner to know its age. Matthew Ashton a Director of Stanhope said: “Knowing the property’s age is crucial for…
Read More →
Breaking News

Five real estate opportunities to watch in 2026

By Daniel Austin, CEO and co-founder at ASK Partners The 2025 Autumn Budget offered limited stimulus for the housing market and, persistent headwinds such as sticky inflation, higher for longer interest rates, elevated construction costs, and slow planning processes continue to impact development viability. But there are still reasons for cautious optimism. The UK economy…
Read More →
Breaking News

Autumn Budget 2025: What It Means for Buyers, Renters and Landlords

Budget headlines for the property sector: Landlords and property investors are the most directly affected, with slightly higher tax on rental income and frozen tax thresholds. Very high‑value homeowners (£2m+) face a new recurring annual charge from 2028. Renters don’t see direct tax changes, but may end up paying more in rent due to increased…
Read More →
Rightmove logo
Breaking News

Rightmove’s Most Searched Locations in 2025

Rightmove reveals some of the trends which defined the 2025 property market, from the most viewed homes to the most searched for locations UK’s top property hotspots: London, Manchester, and Glasgow are the most searched for locations in 2025 Capital crowns: Wimbledon, Fulham, and Chiswick are the most searched-for London spots for buyers, while Canary…
Read More →
affordable houses glasgow
Breaking News

Consistent support for apprenticeships helps construction

The Government has announced a £725 million package of reforms to the apprenticeship system, including £140m for a Mayoral pilot programme. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The consistent messaging from politicians that apprenticeships should be valued as highly as degrees is fantastic and will be of great benefit…
Read More →
Christmas Decorations - Good or Bad for Selling
Estate Agent Talk

6 tips for a stress-free Christmas move

With an average of 87,000 home sales taking place during the month of December, Property DriveBuy has compiled practical advice for those due to complete this festive season, a time already known for being one of the busiest and most emotionally charged periods of the year. Despite this bringing the potential for a more stressful…
Read More →