U.K. property portal Rightmove continues to experience strong growth; its recent half-yearly report, for the six months ended 30 June 2017, revealing a record 3000 people a minute visited the website in the first half of 2017.
This high volume of property searchers has led to a record 790 million visits in the six months, resulting in home hunters spending six billion minutes on the website and apps – Rightmove’s market share of traffic across both desktop and mobile is now 75%(4) with the mobile component even higher.
In addition to an increase in website traffic, the portal also reported that revenue increased by 11% to £119.5m with underlying operating profit(1) up 11% to £91.0m and operating profit up 9% to £87.6m.
Rightmove CEO Peter Brooks-Johnson attributes the portal’s consistent growth to new features and apps.
“Our continued development to deliver the richest experience and fastest way for home hunters to ‘find their happy’ from 1.1 million residential properties has been recognised by Forbes Magazine naming Rightmove “the world’s most innovative growth company” for the second year in a row. This recognition is thanks to innovation such as our latest search feature, ‘Where can I live?’, which finds homes in areas which are affordable and convenient, offering home hunters help when their inspiration has run dry.
“Our aim has always been to help our agents and developers succeed by delivering great value marketing andbuilding strong relationships to support their ambitions. This approach continues to serve us well as we have grown our customer base to an all-time high demonstrating that Rightmove is the site of choice, not only for Britain’s home movers, but also its property professionals.
“With consumers and customers becoming increasingly digital our clear market leadership coupled with the value of our products and data positions us well for the future.”
