Rightmove
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Latest property news
Rightmove prepares to reveal 2019 full results on 28th February
Yes, it’s that time of year again. Rightmove has announced that its full results for 2019 are to be released to the City on 28th February, its company secretary Sandra Odell has announced. The results will be published at 7am followed by a presentation for analysts which will be held at the offices of Rightmove’s City adviser UBS at 9.00am. But while investors will be licking their lips in expectation of another set of record results to boost their client’s pension funds, ISAs and other investment vehicles, this year may not be the usual profits jamboree. Two dark clouds loom over Rightmove despite another 12 months of no-doubt incredible profits and continuing share buy-backs. Last year criticism of the annual price increases introduced by the company were at their most strident among agents annoyed by double-digit increases despite difficult sales and lettings markets. These pushed the annual revenue for the branch to over £1,000 a month for the first time, although many agents had been paying this for some time already. 23% increase One agent, Kristjan Byfield of Base Properties, revealed that his increase last year was 23%, a hike that the portal pushed through despite his strong complaints and…
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Yorkshire agent takes up Roy Brooks’ reins for ‘honest property descriptions’
Listings misdescription by estate agency Wilman & Wilman makes it into The Times' diary column as readers celebrate 'no nonsense' but hilarious property descriptions.
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Zoopla ups the ante over branch numbers with new ‘win-back’ claim
Zoopla says it's 'won back' over 2,200 estate agency branches as it battles OTM and tries to catch up with struggling Rightmove.
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OnTheMarket inching ahead of Rightmove for lettings leads, claims Acorn chief
Rob Sargent, whose company has been a long-time supporter of OTM, says both sales and lettings leads from the portal to his business have been increasingly dramatically, recently.
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Pent up property demand surging into the market, says Rightmove
The number of people house hunting online has increased by 28% across the UK which is not usual for this time of year, the portal claims.
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House prices to rise by up to 4% next year as property market revives
Prediction is made by Rightmove which says the UK will see increased activity in the housing market particularly in the north.
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Zoopla overtakes Rightmove, but not the way you’re thinking
The London-based portal is to hire 120 extra staff next year to boost its growth plans taking it to 750 employees, a third more than Rightmove.
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House hunters switch to evening searches as smartphones dominate online surfing
Rightmove has revealed that the busiest time for home searches on its website is between 8pm and 9pm as the nation settles down on their couches to ‘double screen’ between their favourite TV shows and the Rightmove app. The data points to rapidly-shifting habits among house hunters as smartphones become the key way people access information online. Only a couple of years ago laptops still held sway and therefore lunchtimes at work were the peak house hunting period. Now, activity peaks at 8.48pm on Wednesdays, presumably as people begin to lose interest in Holby City or Supermarket Sweep and concentrate on homes for sale and rent. The portal has also reminded agents that December is the quietest month of the year but that negotiators should gird their loins for the post-Christmas day rush when traffic increases by 231% between Christmas Day and January 2nd, or at least did last year. During last year’s festivities, December 30th was the busiest day that month as memories of turkey and presents faded became a dim memory. “We know just how obsessed the nation is with property, but to see such precise consistency in terms of browsing times is really quite remarkable,” says Rightmove…
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‘Don’t be scared of leaving Rightmove’, pleads OTM chief
OTM Chief Executive Ian Springett claims it's 'business as usual' for agents who quit Rightmove and that already delivery more leads than its arch rival.
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Rightmove points to a smartphone future as it hires Shazam’s former CEO
Rightmove has finally revealed its replacement for outgoing chairman Scott Forbes, who is to depart at the end of December after 14 years with the company 48-year-old Andrew Fisher will be the portal’s new non-executive chairman and comes from music discovery smartphone app Shazam, which enables users to identify songs they hear on the radio or in stores and is used by 100 million people worldwide. Fisher spent nearly 14 years at the company including as its CEO and later chairman. His mobile development experience would point to Rightmove’s future growth; at least 70% of traffic to portals like Rightmove, Zoopla and OnTheMarket comes from smartphone users these days. Fisher is also a non-exec board member at Marks & Spencer, Moneysupermarket.com and Merlin Entertainments, which owns Madame Tussauds and Alton Towers. Gong given In the past he has been a special adviser on the BBC to a government minister and received an OBE in 2016 for his contribution to the digital economy. Rightmove’s Chief Executive Officer, Peter Brooks-Johnson said: “I’d like to thank Scott for his invaluable contribution to Rightmove’s success over the past years and particularly the support he’s shown me over the past three years as CEO. I’m…
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