Overview
- A letter before action has been sent to Rightmove, with a filing at the Competition Appeal Tribunal planned and certification required before any trial.
- The proposed collective claim alleges abuse of market dominance to impose excessively high subscription fees, with thousands of agents included unless they opt out.
- Claimants point to Rightmove’s 2024 accounts showing roughly a 70% profit margin and estimate total damages at about £1 billion.
- Rightmove acknowledged receipt of a potential claim in an RNS statement and said it is confident in the value it provides to partners.
- The action is led legally by Scott+Scott UK, with funder Innsworth stating the case seeks to level the playing field and deter anti-competitive behaviour.