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Rightmove Listing-fee Increase

19.10.2021

Rightmove has hit the headlines recently with their steep listing-fee price increases. This has brought a lot of controversy, and many agents have opted to leave Rightmove and save thousands of pounds a year.

One comment (PeeBee) said, "their greed is killing THEMSELVES" and not the agents. And goes on to say, "They will kick, bite, scratch and punch – but IF WE – their ONLY source of “food” – STARVE THEM, they can only wither and die".

Has Rightmove made the right decision? You decide.

The article below dives a little deeper into this issue. Once you've read it, and it stirred within you the itch to consider another portal that is far from “greedy” and one that has the agents' interests close to their heart, you may pick up the phone and have a casual chat with us at GNB Property Software Solutions.

And, by the way, it's no coincidence that we were shortlisted for the Negotiator Award 2021 in the Supplier of the Year: Technology (Agency Software) category.

Got you thinking? Before you read the article, jot our number down. You may want to have a chat with us once you’re done: 02045 380 809 

Here’s the article:

Agents have been told by Rightmove that they face significant increases in their monthly fees when they come up for renewal.

EYE has been contacted by several agents this week who have been told to expect 10%-plus annual price hikes on their existing monthly costs.

Rightmove was contacted yesterday for comment. A spokesperson told EYE: “We can confirm that we’re having conversations with some agents where their memberships are due for renewal.”

The owner of one multi-branch agency, which is a long-standing customer of the portal, informed us yesterday that his firm will now be withdrawing from the portal as a result of the latest fee hike. But Rightmove has defended the rise.

The spokesperson commented: “Over the past 18 months we’ve worked on a number of innovations that are included as part of an agent’s membership, such as online viewings and viewings manager to help agents save time, data reports through the local market indicator available on the hub to help with business decisions, and training through webinars which have been attended by tens of thousands of agents. This includes a GDPR advanced course that 8,000 agents have completed to date.”

“These additions are alongside helping agents with the best exposure for their brand and properties to the UK’s biggest home-moving audience, and making thousands of updates to the platform.”

Rightmove achieved record levels of web traffic during the pandemic, registering 1.4 billion site visits in the first half of the year, as customers reassessed housing needs.

Rightmove’s half-year profit surpassed pre-Covid levels due to a buoyant housing market and reversal of discounts offered last year, while projecting strong sales for the rest of 2021.

The company announced that pre-tax profit rose to £114.7m from £61.6m, while the board said it was confident in delivering its expectations for the full year and beyond.

The spokesperson added: “It’s important to us that agents know how each of these tools [offered by Rightmove] and services could be useful for their business and so if any agents have not yet tried out any of our new developments their account manager can help them get started.”

[Source]

At GNB Property we’re dedicated to helping you grow your business and we strive to offer top quality, technology solutions to save you time and money. For a simple pay-as-you-go monthly subscription, you will receive best-in-class support from your new technology partners.

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Buyer's Guide

4 Conduit House,
Hyde Vale, London
SE10 8HW

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