Tag: rightmove


Busy Rightmove executives won’t budge

Busy Rightmove executives won’t budge

Chairman Scott Forbes and senior independent director Peter Williams remain in their roles at Rightmove.co.uk, the largest property classified in Britain, after a significant minority of shareholders voted against their reelection. Around 39 percent voted against returning Forbes to his role, while 37 percent voted against Williams. The vote was held at the company’s annual general meeting where shareholders have the chance to express their...

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OnTheMarket wins agencies, needs revenue

OnTheMarket wins agencies, needs revenue

British real estate classified OnTheMarket.com announced it’s signed more than 2,000 branches since floating on the London Stock Exchange (LSE) AIM Market in February. This brings its total to around 7,500 agency branches. These new branches may not be bringing much, if any, revenue, however. OnTheMarket released a statement (quoted in Estate Agent Today) that said: “The offering of predominantly free or discounted introductory rates...

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HouseSimple introduces no-sale, no-fee model

HouseSimple introduces no-sale, no-fee model

British online agency HouseSimple.com has introduced a no-sale, no-fee model. Homeowners pay nothing upfront. A fee of £995 ($1,393 U.S.) is payable on completion of the sale. According to its online calculator, sellers could save £2,755 when selling a £250,000 house and £5,755 on a £450,000 house.  The HouseSimple service includes a free home visit for valuation, photos, and floorplan; a dedicated “property expert”; instant viewings, feedback and...

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OnTheMarket doubles traffic

OnTheMarket doubles traffic

British real estate portal OnTheMarket.com reported it has doubled its monthly traffic to 12 million visitors in its first full month on the London Stock Exchange (LSE). The site listed on the LSE AIM market on February 10, 2018.


SekaiProperty partners with Rightmove

SekaiProperty partners with Rightmove

Japanese real estate start-up SekaiProperty has partnered with leading U.K. property vertical Rightmove, to introduce condominiums, apartments, and land for sale in Japan to foreign buyers.


OnTheMarket averages 24 new agencies per day

OnTheMarket averages 24 new agencies per day

British property vertical OnTheMarket.com announced that 243 agencies joined its ranks in the first 10 days following its float on the AIM market of the London Stock Exchange (LSE). These signings are a boost for the company, which had ups and downs on its way to the LSE. In a statement, OnTheMarket announced it’s signed a five-year agreement with the firm Chancellors Group of Estate Agents...

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Rightmove grows revenue by 11 percent

Rightmove grows revenue by 11 percent

Rightmove.co.uk, the leading real estate vertical in the U.K., announced its revenue grew by 11 percent in 2017. The company’s full-year 2017 financial report also noted it grew its client base by two percent to 20,427.Other key figures in the report, released Feb. 23, include an 11 percent increase in underlying profit, with £140.4 million ($196 million U.S.) cash returned to shareholders — a 10...

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Yopa introduces no sale, no fee option

Yopa introduces no sale, no fee option

British hybrid real estate agency Yopa.co.uk has introduced a “no sale, no fee” option for homeowners. Its “core bundle” starts at £1,495 ($2,100 U.S.) for properties outside of London, with a premium bundle starting at £1,795 ($2,500 U.S.). This option brings Yopa in line with other U.K. hybrid agencies like EMoov.co.uk, which offers a single rate of £1,495 for its no sale, no fee package. Yopa’s...

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OnTheMarket makes stock market debut

OnTheMarket makes stock market debut

OnTheMarket.com, the third-largest real estate portal in the U.K. has joined rivals Rightmove and Zoopla as a publicly traded company. The property site, founded as a cooperative by Agents’ Mutual, listed on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE) on February 9, 2018. The London Stock Exchange announced that OnTheMarket “joined the market today with an initial market capitalisation [sic] of...

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Zoopla starts strong, OnTheMarket loses ground

Zoopla starts strong, OnTheMarket loses ground

The first month of 2018 brought differing fortunes for two of the top property classifieds in Britain. The Zoopla Group, the parent of number two portal Zoopla.co.uk, announced it is attracting an average of 53 million visitors per month. Meanwhile, third-place challenger OnTheMarket.com lost some 200 agency branches in the past months. These figures, though not direct comparisons, give a sense of the power imbalance...

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