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3mo 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.

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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.