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Rightmove
built 227 days ago
Rightmove.co.uk is the UK’s largest property web site, advertising around 80% of all homes for sale via estate agents across the UK. Attracting more than 25 million visits from home movers each month, users view in excess of 450 million pages. Each month Rightmove uses asking price data of up to 200,000 properties coming onto the market to produce this House Price Index - the largest, most accurate and up-to-date monthly index. The index itself stands at 195.3 from a starting point of 100 in January 2002.
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Rightmove is the UK's number one property website. It has made a huge impact in the property market, allowing estate agents to display their properties and giving house hunters the ideal portal for finding their dream home. Rightmove's statistics are impressive. More than 50% of all UK estate agents register their properties on Rightmove. The total value of property displayed on the site is in excess of £113 billion. The site receives over 22 million visits a month and as a result is one of the UK's largest websites, ahead of Friends Reunited, Lastminute and Easyjet.
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The other leg is the home information pack division, which Rightmove wants to build into a major revenue source. It plans to take advantage of the Government’s plans to force every vendor to commission a seller’s pack before putting a property on the market. Rightmove is sinking capital into the division at the rate of £1 million a month and will have spent at least £22 million before seeing a penny of revenue. At £800 a pack, this could be a colossal new market. Rightmove has some advantages — strong links into estate agents and the technological skill to deliver packs online.
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Rightmove plc operates property Web site in the United Kingdom. The company operates a residential property portal, rightmove.co.uk, which provides online property search, as well as other information, including photographs, brochures, location maps, virtual tours, measurements, and floor plans. Its customers include estate agents, letting agents, new homes developers, and overseas homes agents. The company, formerly known as Rightmove.co.uk, Ltd., was founded in 2000 and changed its name to Rightmove plc in 2006. Rightmove is headquartered in Milton Keynes, the United Kingdom.
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Declaring itself the UK’s number one property portal, Rightmove.co.uk was founded in 2000 by Halifax, Countrywide and Connells. As the largest classified advertising portal in Britain, it has the highest traffic among the real-estate classified sites and in March 2006 Rightmove was publicly listed on the London Stock Exchange.
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The Rightmove house price data is compiled from the asking prices of properties as they come on the housing market via Rightmove's member estate agents over the previous month, covering half the market. The data is seasonally adjusted.
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