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Rightmove cuts prices for overseas agents

From Global Edge

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Rightmove Overseas has responded to the increasingly difficult market conditions by introducing a new pricing structure that will see prices for some agents drop by more than 50 percent. In his first major strategic move since taking over from Justin Figgins, new head of Overseas, Rob Wilson has implemented a "more flexible" rate card that sees prices start at £75 (approximately $110) per month. Following the changes, agents and developers will no longer be asked to sign a six-month commitment contract when joining the portal. "Long-term subscriptions work in a positive climate, but the game has changed so we're adapting. We've responded by ripping out a lot of the old constraints on membership like minimum property volumes and terms," says Wilson in this week's interview with Globaledge. Although the changes will be welcomed by many agents, not everyone stands to benefit, and agents selling large volumes of properties in popular destinations like Cypru...