Rightmove
From Wikipedia, the free encyclopedia
| Rightmove plc | |
|---|---|
| Type | Public company |
| Founded | 2000 |
| Headquarters | United Kingdom |
| Key people | Scott Forbes (Chairman) & Edmund Williams (Group Managing Director) |
| Industry | Internet & Real Estate |
| Website | rightmove.co.uk |
Rightmove plc trading as Rightmove.co.uk (LSE: RMV) is an online British property search company.
Contents |
[edit] The company
Rightmove.co.uk was created in 2000 as a joint venture between four of the UK's largest property agents: Halifax, Countrywide Assured, Royal & Sun Alliance, & Connells. However, in March 2006 the Company was listed on the London Stock Exchange (although the original founders retained approximately 80% of the shares). In May 2008, HBOS sold off its entire stake in Rightmove, following the credit crunch [1]
As of 2007, it has 78% of the property search market[citation needed] and is the 41st most visited UK website[2].
Rightmove.co.uk Limited was formed on the 11 August 2000, changing name to Rightmove PLC on the 14 February 2006.
[edit] Operations
Rightmove makes money from listing estate agents on its website. Individuals selling property privately (i.e., directly without an agent) are prohibited from advertising on the site. Access is free for viewers, who are capable of both finding properties, subscribing to search results, as well as requesting further information and arranging viewings.
As of July 2007 there were 3m registered users, over 1,095,000 properties listed (This figure includes those properties 'Sold Subject to Contract,' although the number of properties for sale may be lower) and 61 million searches were made (again their claim).[3]. As of August 2007, there was 9000 properties on the French overseas market with 500 agents advertising from this country. The average subscription of the agent was of £200 which is lower compare to last year when it was £250.
[edit] References
- Jim Pickard and Helen Thomas, "Rightmove's £497m debut revives dotcom era fever", Financial Times, March 11, 2006
- ^ The Independent. HBOS sells stake in Rightmove. Retrieved on 2008-05-17.
- ^ Alexa. Alexa Rankings. Retrieved on 2007-11-29.
- ^ Rightmove. About Rightmove. Retrieved on 2007-09-28.
[edit] External links
- Rightmove website
- Rightmove Overseas website
