Reposted with permission from AIM Group's most recent "Classified Intelligence Report." Rightmove has announced record traffic levels for its site, with visits in Jan. 2016 up almost 20 percent on the same month last year. However, the success of U.K.’s dominant real estate vertical has drawn ire from agents concerned by its monopolistic position on the market. The platform enjoyed more than 127 million visits and 1.7 billion pageviews last month. Rightmove has also stated that its market share of traffic among the U.K.’s real estate verticals was 82 percent for the year ending June 2015, up from 77 percent the year before. Commenting on the results, Rightmove’s Director and Housing Market Analyst, Miles Shipside, was understandably pleased. “These January statistics should give both sales and letting agents confidence that an active year with plenty of business opportunities lies ahead,” he said. OnTheMarket’s failure to break monopoly unleashe...
- The success of U.K.’s dominant real estate vertical has drawn ire from agents concerned by its monopolistic position on the market.
Don't miss Hacker Connect SF
Take a deep real estate technology dive, Aug 7, 2017