Rightmove’s profits & revenue jump despite falling branch numbers
Estate agents spent an average of 8% more with Rightmove in 2019 than in 2018. But the portal lost 3% of its member agencies in the year...
Rightmove’s revenue & profits jump 10%, but agency numbers dip
3% fewer estate agents are listing properties on Rightmove compared to last year - but they are spending more
Rightmove profits jump as estate agencies spend over £1,000 per month on advertising
The property portal's average monthly revenue per advertiser (ARPA) increased from £922 in 2017 to £1,005 in 2018, while the number of member branches has 'remained stable'.
Rightmove’s revenue & profits have taken a big hit this year
UK's biggest property portal reports a 34% drop in revenue and a 43% fall in operating profit after offering a 75% discount support package to agents during lockdown.
Most read
‘An important moment for independent agency & brokerage in the UK’: Harding Green acquires The London Broker
Industry heavyweights join forces to ‘supercharge’ the UK broker model.
Budget 2025: Estate agency assesses ‘most likely’ tax changes for the property market
Hamptons' research chief runs through the tax runners & riders that could hit the residential market on 26th November.
Big London agency calls the bottom of the market
Chestertons says it has spotted the telltale signs that confidence is about to return.
£70mn deal streak for Strutts’ Estates & Farms team
A strong autumn market saw the agency conclude 'landmark' sales in Wiltshire & Surrey - and tee up some big transactions for the coming weeks.
Agents report ‘extraordinary’ sales & lettings run in North Surrey
Knight Frank handled £106mn-worth of property sales & saw a 171% jump in super-prime lettings in the area through Q3.
Cotswold estate agency teams up with interior design studio
'This collaboration allows us to bring a thoughtful, lifestyle-driven element to the service we offer,' says Butler Sherborn's Elizabeth D’ Allemagne.
Buyers compete over rare unmod townhouse in Notting Hill
Stucco-fronted property just off Westbourne Grove went for well above asking after becoming available for the first time in over 40 years.
Knightsbridge apartment reportedly sells for £26mn below original purchase price
Financial Times flags notable recent transaction at high-profile ultra-luxury resi scheme.
UAE developer announces major acquisition in East London
Arada has agreed to buy an 80% stake in the £2.5bn Foster + Partners-designed Thameside West regeneration project.
Burrows to head expanding brokerage’s New Homes division
Seasoned new-build specialist brings senior-level experience from Strutt & Parker, CBRE & John D Wood.
LATEST ARTICLES
Top Chestertons & Foxtons agents join UK Sotheby’s International Realty
Brokerage adds luxury specialists Stephanie Russo & Thomas Brooks to its growing PCL team.
Deal sealed on £35mn Scottish Borders estate
One of the biggest country sales of the year completed last week.
Battersea Power Station’s Matthew Sansom: How living on the high street came back in fashion
BPSDC sales boss explores how the resurgence of the high street is shaping demand for resi property.
More than half of estate agents report ‘financially difficult’ year
Survey reveals property brokers' business anxieties as well as tech-fuelled hope for the future of the industry.
PCL sellers open to offers as buying activity slows
Fresh CBRE analysis confirms a drop-off in Prime Central London property sales, while rents continue to rise.