Rightmove, Housing market, Business, UK news, Lachlan Murdoch, Rupert Murdoch, News Corporation, Media Business | The Guardian
The UK property portal is in a strong position and is under little pressure to sell at anything other than a silly figureMurdoch-owned firm weighs up bid for RightmoveRightmove, as has been recognised for a couple of decades, boasts beautiful financial ratios. The company embodies the “winner takes all” rewards that can come with being the clear market leader in a field where the end-punters – in this case the UK’s property-seeking classes – are happy to trawl a single website rather than many.Market share has been stable-ish at about 85%; likewise profit margins of 70%. Estate agents, though they grumble about paying Rightmove’s princely fees to advertise, generally cough up because the cost of not doing so can be higher. Continue reading…
The UK property portal is in a strong position and is under little pressure to sell at anything other than a silly figure
Murdoch-owned firm weighs up bid for Rightmove
Rightmove, as has been recognised for a couple of decades, boasts beautiful financial ratios. The company embodies the “winner takes all” rewards that can come with being the clear market leader in a field where the end-punters – in this case the UK’s property-seeking classes – are happy to trawl a single website rather than many.
Market share has been stable-ish at about 85%; likewise profit margins of 70%. Estate agents, though they grumble about paying Rightmove’s princely fees to advertise, generally cough up because the cost of not doing so can be higher.
