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Rightmove 
Real estate / Online real estate property portal
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Rightmove is a British online real estate portal that was founded in 2000. It is the UK’s largest property website, and it also operates in Spain and France. Rightmove is a publicly traded company on the London Stock Exchange.
The company’s primary business activity is providing a platform for property buyers and renters to search for properties and connect with real estate agents and property developers. Rightmove also offers advertising and marketing services to property professionals.
Rightmove’s website and mobile app feature over 1 million residential and commercial properties, making it a popular choice for homebuyers and renters in the UK. The company also has a strong presence in the overseas property market, with a wide range of international properties listed on its site.
Rightmove’s revenue mainly comes from advertising fees paid by real estate agents and property developers to list their properties on the site. The company also generates revenue from ancillary services, such as premium property features and marketing opportunities for agents.
Rightmove has faced criticism in the past for its dominance in the UK property market, with some accusing the company of driving up housing prices. However, the company maintains that its platform increases transparency and efficiency in the property market.
In recent years, Rightmove has also expanded its online services to include property valuations, rental reports, and market insights, making it a comprehensive platform for property buyers and sellers. The company continues to be a leader in the UK online property market, with a strong brand and a wide range of services for consumers and property professionals alike.
The company’s primary business activity is providing a platform for property buyers and renters to search for properties and connect with real estate agents and property developers. Rightmove also offers advertising and marketing services to property professionals.
Rightmove’s website and mobile app feature over 1 million residential and commercial properties, making it a popular choice for homebuyers and renters in the UK. The company also has a strong presence in the overseas property market, with a wide range of international properties listed on its site.
Rightmove’s revenue mainly comes from advertising fees paid by real estate agents and property developers to list their properties on the site. The company also generates revenue from ancillary services, such as premium property features and marketing opportunities for agents.
Rightmove has faced criticism in the past for its dominance in the UK property market, with some accusing the company of driving up housing prices. However, the company maintains that its platform increases transparency and efficiency in the property market.
In recent years, Rightmove has also expanded its online services to include property valuations, rental reports, and market insights, making it a comprehensive platform for property buyers and sellers. The company continues to be a leader in the UK online property market, with a strong brand and a wide range of services for consumers and property professionals alike.
What is special about the company?
1. It is the UK’s largest online real estate portal: Rightmove is the leading online marketplace for buying, selling, renting, and letting properties in the United Kingdom. It has over 1 million properties listed at any given time, making it the most popular destination for property seekers.
2. Wide range of properties: Rightmove offers a wide range of properties, including residential, commercial, and new build properties. It also has a diverse selection of properties, from luxury estates to affordable starter homes, catering to a variety of budgets and needs.
3. High traffic and visibility: Rightmove has a high amount of web traffic, with millions of visitors each month. This makes it a valuable platform for real estate agents and developers to advertise their properties and reach a large audience.
4. Advanced search tools: Rightmove offers advanced search tools that allow users to filter properties by price, location, size, and other important criteria. This makes it easier for property seekers to find their ideal home or investment opportunity.
5. Mobile-friendly: Rightmove has a user-friendly mobile app, making it convenient for users to search for properties on the go. The app also allows users to save their favorite properties and receive alerts for new listings.
6. Comprehensive property information: Rightmove provides detailed information on each property listing, including photos, floor plans, and virtual tours. This helps users get a better understanding of the property before scheduling a viewing.
7. Strong partnerships: Rightmove has partnerships with major real estate companies and property developers, giving them access to a large inventory of properties. This allows them to provide a diverse selection of properties to their users.
8. Market insights: Rightmove collects and analyzes data on property prices, demand, and trends, providing valuable insights to agents, developers, and investors. This helps them make informed decisions when buying, selling, or investing in property.
9. Customer-focused approach: Rightmove is known for its excellent customer service and support. They offer a wide range of tools and resources to help users make informed decisions and find their ideal property.
2. Wide range of properties: Rightmove offers a wide range of properties, including residential, commercial, and new build properties. It also has a diverse selection of properties, from luxury estates to affordable starter homes, catering to a variety of budgets and needs.
3. High traffic and visibility: Rightmove has a high amount of web traffic, with millions of visitors each month. This makes it a valuable platform for real estate agents and developers to advertise their properties and reach a large audience.
4. Advanced search tools: Rightmove offers advanced search tools that allow users to filter properties by price, location, size, and other important criteria. This makes it easier for property seekers to find their ideal home or investment opportunity.
5. Mobile-friendly: Rightmove has a user-friendly mobile app, making it convenient for users to search for properties on the go. The app also allows users to save their favorite properties and receive alerts for new listings.
6. Comprehensive property information: Rightmove provides detailed information on each property listing, including photos, floor plans, and virtual tours. This helps users get a better understanding of the property before scheduling a viewing.
7. Strong partnerships: Rightmove has partnerships with major real estate companies and property developers, giving them access to a large inventory of properties. This allows them to provide a diverse selection of properties to their users.
8. Market insights: Rightmove collects and analyzes data on property prices, demand, and trends, providing valuable insights to agents, developers, and investors. This helps them make informed decisions when buying, selling, or investing in property.
9. Customer-focused approach: Rightmove is known for its excellent customer service and support. They offer a wide range of tools and resources to help users make informed decisions and find their ideal property.
What the company's business model?
Rightmove is a UK-based online real estate platform that provides property information and marketing services to estate agents, lettings agents, and new home developers. The company’s business model is based on generating revenue through three main streams:
1. Property Advertising: Rightmove charges property agents and developers a fee to advertise their properties on its platform. This fee is usually based on a monthly subscription and varies depending on the package and number of properties a customer wants to list.
2. Additional Services: Rightmove also offers additional services to property agents and developers, such as premium listings, featured properties, and enhanced property listings. These services come at an additional cost and help the agents and developers to increase their visibility and attract more potential buyers.
3. Data and Analytics: Rightmove collects and analyzes data on the property market, including price trends, demand levels, and demographics. This data is then used to provide insights and reports to its customers, such as estate agents, developers, and mortgage lenders, for a fee.
In addition to these revenue streams, Rightmove also generates income from advertising, sponsored content, and partnerships with third-party companies. The company has a dominant market share in the UK real estate market and benefits from economies of scale, strong brand recognition, and a large user base.
1. Property Advertising: Rightmove charges property agents and developers a fee to advertise their properties on its platform. This fee is usually based on a monthly subscription and varies depending on the package and number of properties a customer wants to list.
2. Additional Services: Rightmove also offers additional services to property agents and developers, such as premium listings, featured properties, and enhanced property listings. These services come at an additional cost and help the agents and developers to increase their visibility and attract more potential buyers.
3. Data and Analytics: Rightmove collects and analyzes data on the property market, including price trends, demand levels, and demographics. This data is then used to provide insights and reports to its customers, such as estate agents, developers, and mortgage lenders, for a fee.
In addition to these revenue streams, Rightmove also generates income from advertising, sponsored content, and partnerships with third-party companies. The company has a dominant market share in the UK real estate market and benefits from economies of scale, strong brand recognition, and a large user base.
Interesting facts about the company
1. Rightmove was founded in 2000 by Nick McKittrick, who was previously the Director of Consumer Marketing at Reuters Group.
2. Rightmove’s initial aim was to create a comprehensive online platform for property listings in the UK market, allowing individuals and estate agents to advertise and search for properties.
3. The company’s website launched in January 2001 and quickly gained popularity, receiving over 2.5 million property searches in its first month.
4. Rightmove is the UK’s largest online real estate portal, with over 1 million properties listed for sale or rent.
5. The company is based in London and has a team of over 1,500 employees.
6. In 2006, Rightmove became a publicly-traded company on the London Stock Exchange.
7. Rightmove’s revenue is primarily generated through subscription fees paid by estate agents and developers to advertise their properties on the website.
8. In 2018, the company reported a revenue of £243.3 million and a pre-tax profit of £184.3 million.
9. Rightmove has expanded its services beyond property listings, offering a range of products and tools for estate agents, as well as property data and analytics.
10. The company has faced criticism in the past for its dominance in the UK property market and the high subscription fees charged to estate agents, with some referring to it as a monopoly.
See Company Due Diligence:
2. Rightmove’s initial aim was to create a comprehensive online platform for property listings in the UK market, allowing individuals and estate agents to advertise and search for properties.
3. The company’s website launched in January 2001 and quickly gained popularity, receiving over 2.5 million property searches in its first month.
4. Rightmove is the UK’s largest online real estate portal, with over 1 million properties listed for sale or rent.
5. The company is based in London and has a team of over 1,500 employees.
6. In 2006, Rightmove became a publicly-traded company on the London Stock Exchange.
7. Rightmove’s revenue is primarily generated through subscription fees paid by estate agents and developers to advertise their properties on the website.
8. In 2018, the company reported a revenue of £243.3 million and a pre-tax profit of £184.3 million.
9. Rightmove has expanded its services beyond property listings, offering a range of products and tools for estate agents, as well as property data and analytics.
10. The company has faced criticism in the past for its dominance in the UK property market and the high subscription fees charged to estate agents, with some referring to it as a monopoly.
See Company Due Diligence:
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