Property Website Posts Big Gains and Record Number of New Customers
As we speed toward selling season in the UK housing market, many terms are being used to describe the market’s current condition. Words like “cooling off” and “uncertainty” are being used at a feverish pace. Rightmove, one of the country’s largest property websites is seeing things a bit differently these days. The firm posted record numbers last year and is more than ready to welcome the summer selling season.
Many firms were seeing decline and slower periods of growth last year following the Brexit vote which put a halt to many important buying or selling decisions. Many house owners are still waiting to see the outcome of Brexit negotiations which are yet to be made public for those on the cusp of making a major property decision. Slow times however did not take place within Rightmove.
The firm saw double digit growth in 2017. Increases in both profit and revenue were posted for the year. Its client list also grew at a tremendous pace last year. The company noted how more and more customers are turning away from traditional measures to advertise property and instead opting for a digital approach.
Housing specialists see the Rightmove business model as one which can demonstrate great resiliency, even in times of challenging economic climate.
Scott Forbes of Rightmove commented on the success of 2017, saying: “It was a proud year of achievement serving property professionals and home hunters. We are committed to continue that effort with the same level of energy, innovation and sensitivity to the needs and demands of all our stakeholders in 2018.”