- Rightmove
Infobox Company
company_name = Rightmove plc
company_type =Public company
foundation =2000
location =United Kingdom
key_people = Scott Forbes (Chairman) & Edmund Williams (Group Managing Director)
industry =Internet &Real Estate
homepage = [http://www.rightmove.co.uk/ rightmove.co.uk]Rightmove plc trading as Rightmove.co.uk (lse|RMV) is an online British property search company.
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 theLondon Stock Exchange (although the original founders retained approximately 80% of the shares). In May 2008, HBOS sold off its entire stake in Rightmove, following thecredit crunch [cite web|url=http://www.independent.co.uk/news/business/news/hbos-sells-13-per-cent-stake-in-rightmove-as-agents-feel-the-heat-830002.html|title=HBOS sells stake in Rightmove|author=The Independent|accessdate=2008-05-17]As of 2007, it has 78% of the property search marketFact|date=December 2007 and is the 41st most visited UK website [cite web|url=http://www.alexa.com/site/ds/top_sites?cc=GB&ts_mode=country|title=Alexa Rankings|author=Alexa|accessdate=2007-11-29] .
Rightmove.co.uk Limited was formed on the 11 August 2000, changing name to Rightmove PLC on the 14 February 2006.
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). [cite web|url=http://www.rightmove.co.uk/aboutus.rsp?hpt=f0|title=About Rightmove|author=Rightmove|accessdate=2007-09-28] .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 compared to last year when it was £250.
References
*Jim Pickard and Helen Thomas, "Rightmove's £497m debut revives dotcom era fever", "
Financial Times ", March 11, 2006External links
* [http://www.rightmove.co.uk Rightmove] website
* [http://www.rightmove.co.uk/overseas/property Rightmove Overseas] website
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