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 Cyprus or Bulgaria will still be asked to pay significant monthly fees. For example, an agent in Cyprus listing 500 properties can expect to pay as much as £1050 (approximately $1,550) per month.

Agents listing in the most popular areas will be asked to pay a 40 percent premium, whereas agents in the least popular locations will be given a 20 percent reduction. The Rightmove Overseas team have developed a price calculation engine that is used by their 10 sales staff to calculate prices based on the specific needs of the client. Discounts are also given for extended commitment and payment in advance, although agents are free to list for a one-month term on standard payment terms.

View at Globaledge.com.

Copyright (c) 2009 Global Edge Marketing Ltd.


What’s your opinion? Leave your comments below or send a letter to the editor.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription