Rightmove: Making 'home moving easier'

Rightmove's main goal is to making the moving processes easier. An analyst has stated that the British property portal giant does this with ease

George Salmon, equity analyst at Hargreaves Lansdown, said: “That’s because Rightmove’s business, running a website, doesn’t cost a lot. As the group underwent huge expansion, costs were kept to a minimum, and as such margins are around 77%.

“That’s among the highest in the FTSE 100.”

Salmon goes on: “The other string to its bow is the fact it’s a must-have portal for traditional estate agents, which allows Rightmove to keep pushing its prices up.

“Last time we heard from the group, it was raking in £1,077 per branch, per month.

“That pricing power is particularly important, because it’s offsetting declines in the number of estate agents on the high street – down 3% at the half year.”

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