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’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 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
‘Now is the time to double down on prime UK real estate,’ says investment firm
Family office-owned Mera Investment Management spies opportunities from non-dom exit; plans to splash £150mn of private capital on prime property in the next 18 months.
Record-breaking ultra-luxe scheme in Chelsea nears sell-out
Latest big-ticket sale at Orion's The Glebe leaves just one apartment remaining.
Notting Hill mansion vendor faces lawsuit over alleged moth ‘infestation’
Unusual case involving £32.5mn super-home centres on pre-sale enquiries & the legal definition of 'vermin'.
‘Iconic’ new-builds draw big-ticket buyers to Marylebone
Agency reports 'record' high-end deal run in West End hotspot.
Boutique London property agency launches country house division
Harwood Advisory's new offering will focus solely on country acquisitions & specialise in the South West market.
Ranked: The most popular London neighbourhoods for US househunters
Chelsea & Notting Hill are the top choices for those searching from the States, new data reveals.
Veteran agent joins Douglas & Gordon as a self-employed broker
Daren Haysom was formerly an Area Director with Foxtons.
House prices set to rise 3% in 2025 ‘as a new cycle begins’ – Hamptons
'The mood of the housing market has shifted from trepidation to cautious optimism,' says national estate agency - but Hamptons' longer-term outlook is less bullish than other property market forecasts
In Pictures: Paolo Moschino-designed mansion in St John’s Wood seeks £40k per week
Palatial 10,700 sq ft residence has been kitted out with an array of 'indulgent' amenities, including an Annabel's-esque private club room.
Rare West End development opp sold at auction
Freehold building in Fitzrovia came with planning for an eleven-storey replacement housing four new duplex apartments.
LATEST ARTICLES
‘Nature is not merely an accessory’: Exploring the growing impact of biophilic building design
'Embracing biophilic design emerges as our best opportunity for fostering sustainable, liveable spaces,' says Chris Dietz of Leading Real Estate Companies of the World as he celebrates nature's comeback…
Fine & Country moves into Dubai; eyes ‘rapid’ Middle Eastern expansion
The estate agency brand's German franchisee has taken on the master license for Dubai.
Wall Street Journal: The Secret to Selling a $100 Million Mansion
Four of America's top luxury property brokers share insights & anecdotes about their ultra-prime deal-making.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Slowdown continues in Prime London’s rental market
New LonRes data shows rental growth fell in October, with activity levels well below pre-pandemic levels.