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House Prices Rise, 1st Time In 6 Mths-rightmove

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Rightmove seems very bullish. I wonder why?

Maybe it's because most of their revenue stream is generated from Estage Agents listings. Rightmove confirming their site has seen an increase in asking prices, may lead Estate Agents to think that they may be able to sell more of their properties on Rightmove at a higher asking price.

In reality, these higher ask prices may just be vendors increasing the price so they can "try" and factor in more money for discounting later.

The bottom line is this: [Ask] prices are simply that. The [sell] price is far more important. Rightmove has a vested interest in giving a nice warm fuzzy feeling to its customers - Estate Agents.

Edited by Pluto

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Guest The_Oldie

Rightmove has a vested interest in giving a nice warm fuzzy feeling to its customers - Estate Agents.

Isn't Rightmove owned by estate agents?

From memory, 1/3 Countrywide, 1/3 Connells, not sure about the remaining 1/3.

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Isn't Rightmove owned by estate agents?

From memory, 1/3 Countrywide, 1/3 Connells, not sure about the remaining 1/3.

From their website:

"Rightmove.co.uk was launched in spring 2000 and is jointly owned by four of the UK's biggest estate agency chains - Halifax, Countrywide Assured, Royal & Sun Alliance and Connells. However, ownership and operation of all mission critical business functions are" provided in-house."

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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