Particle.news
Download on the App Store
3 ARTICLES
·
2mo ago

Rightmove Reports Record Listings and Revenue Growth as UK Housing Market Rebounds

The property portal sees listings at a ten-year high, rising buyer demand, and forecasts 8–10% revenue growth for 2025, supported by its dominant market position.

Image
Over 80 per cent of the time prospective buyers spent looking at houses last year was spent on Rightmove

Overview

  • Rightmove's available property listings have reached a ten-year high, with new listings up 9% year-to-date compared to 2024.
  • Buyer demand has increased by 5%, and sales agreed have grown by 7%, reflecting improved market conditions driven by lower mortgage rates and recent policy incentives.
  • The company forecasts 8–10% revenue growth for 2025, supported by rising membership numbers and higher revenue per advertiser.
  • Rightmove maintains a strong 70% profit margin, leveraging its dominant market share, which accounts for around three-quarters of UK online property listings traffic.
  • The rental market continues to face a supply-demand imbalance, with an average of 11 inquiries per property, double pre-pandemic levels.