Rightmove profits rise again as agents spend more
But the number of property agents using the portal dipped last year, and the management warns that 'customer numbers are likely to drop slightly' again in 2024, 'given the ongoing uncertainty in the macro environment.'
Rightmove revenue jumps 10% as property agents spend more
'Rightmove isn't materially impacted by the property cycle,' says new CEO Johan Svanstrom, as the portal's revenue and profits rise despite a slowing market.
OnTheMarket posts record profits but warns of ‘tougher trading conditions’ to come
Increased spending by estate agents has boosted the property portal's revenue, but a 'higher than expected' number of agents are cancelling contracts as the property market slows.
Rightmove to expand account manager network by a quarter
Property portal embarks on recruitment drive to “further increase the level of service for agents.”
Most read
Trio of heavyweight Chestertons agents join Azar’s growing brokerage in PCL
Top-billing sales pros Rowland King, George Smith & Matthew Chard have signed to UK Sotheby's International Realty.
In Pictures: Park Modern penthouse pitched as ‘the finest new turn-key residence in London’
Listed at £42mn, the five-bedroom apartment features interiors designed by Fenton Whelan's in-house team.
LonRes Awards 2025: The Winners
London's top dealmakers were recognised at the firm's 25-year anniversary bash in Belgrave Square on Wednesday night.
‘Almost mythical’ Chelsea estate could be worth £250mn-plus, says luxury broker
Nest Seekers International’s Ali Khadir weighs in on significance - and speculative value - of landmark property in SW3, as billionaire owner voices disillusionment with UK.
Charted: The evolution of London’s prime property market, 2000-2025
Exclusive LonRes data reveal which parts of the capital’s prime property market have seen the most significant price growth over the last 25-years.
Non-dom changes create £401mn stamp duty ‘black hole’ – Knight Frank
Policy shift blamed for slump in £5mn-plus deals and mounting pressure on Treasury purse strings.
Investor swoops on pair of Knightsbridge apartment buildings
Boutique PCL agencies collaborate on big-ticket deal just around the corner from Harrods.
Dubai soars as global super-prime market ‘hits a new gear’
Knight Frank reports overall rise in $10mn property deals around the world, but ‘adverse taxation shifts’ take their toll in London.
Itani expands Global Branded Residences with significant new hires
Aldo Flakstad has moved from Knight Frank in Italy; Anna Carner joins from JLL in London.
Luxury property brokerage adds two more big-hitters in PCL
Alex Bourne & Danny Daniel join United Kingdom Sotheby’s International Realty, the latest additions to its growing team in the capital.
LATEST ARTICLES
£15mn Clarges Mayfair apartment sparks global bidding war
The trophy residence overlooking Green Park sold sight unseen for ‘well above’ asking.
CBRE names Europe & UK chair
Company veteran Marco Hekman steps up as two long-standing UK leaders prepare to leave the business.
In Pictures: Inside a Fontanella-designed ultra-prime mansion in Knightsbridge
Luxury developer Caudwell collaborates with top-end designer on £58mn Fonteyn House project, opposite the V&A.
Ranked: The world’s ‘most liveable’ cities in 2025
Copenhagen has usurped Vienna in The Economist magazine's annual lifestyle assessment.
Prime London Property Market Snapshot: Week 25, 2025
Prime London property agents recorded 5% fewer sales in the first half of 2025 than in 2024, while 11% more homes have been listed for sale.