Rightmove plc is a UK-based company which runs rightmove.co.uk, the UK's largest online real estate property portal. Rightmove is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

and is a constituent of the FTSE 100 Index.

History

Rightmove was incorporated on 16 May 2000 and it launched its website, rightmove.co.uk, in July 2000. Rightmove's founding shareholders were Countrywide plc, Halifax,

Royal & Sun Alliance RSA Insurance Group Limited ( trading as RSA, formerly RSA Insurance Group plc and Royal and Sun Alliance) is a British multinational general insurance company headquartered in London, England. RSA has major operations in the United Kingdom, Ir ...

and Connells.Rightmove: History
/ref> Rightmove was first listed on the

on 15 March 2006 at which time it became ''Rightmove plc''. In 2007 Rightmove bought 67% of ''Holiday Lettings Limited''. In May 2008,

HBOS HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc, which operated the Ba ...

, one of the founding investors, sold its stake in Rightmove. According to

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

, Rightmove operates on a two-sided model which serves a vast “audience” for property listings on one side and 20,000 advertisers of available properties on the other side. In November 2019, the company announced the appointment of Andrew Fisher as its Chairman, succeeding Scott Forbes who was in the role for over 14 years.

Operation

Rightmove makes money from listing estate agents on its website and offering additional advertising products to those agents. The ads are visible to users who search for the area chosen by the estate agent. Individuals selling property privately (i.e. directly without an agent) are prohibited from advertising on the site. Each month, Rightmove release a House Price Index, illustrating any changes in the asking prices of houses throughout England and Wales.

References

External links

{{Authority control Property companies based in London Real estate companies established in 2000 Online real estate databases Property services companies of the United Kingdom Companies listed on the London Stock Exchange British real estate websites