Normally you would look to sell your property on Rightmove and look to make a little in equity if the going was good in the UK. Rightmove as over over a Million properties for sale from the top estate agents and developers in the UK so Rightmove rightfully claims to be the biggest UK web site for selling property.
Today we look at Rightmove from a very different perspective…
What if rightmove was for sale, what would it be worth?
According to Smart viper there are many factors that determine the “worth” of a site. The cost of a site would be how much it costs to run it. The worth of a site is determined mainly by how much revenue the site is bringing in. Other factors would include how much traffic the site is bringing in on a monthly basis.
So if Rightmove was for sale what would it go for?
Well you need to ignore Smart vipers costing as it reckons around 9 Million British pounds, though there figure was around 14 million dollars
On the basis that Rightmove founder sells 1% for 8 million, then i calculate 800 million pounds if it was sold, thats not bad considering it was founded by a bank and 2 estate agents. It now has around 90% of all properties for sale and at any time displays a stock of over 1,000,000 properties to buy or rent, worth around £270 billion.
Founded by three of the UK’s largest estate agency chains – Halifax, Countrywide & Connells – Rightmove is a property internet portal. Over half of all UK estate agents advertise their properties on the website, enabling users to see homes for sale or for letting all over the UK. The company floated with plans to specialise in producing Home Information Packs but this has since been dropped after a government u-turn on the idea.