Rightmove strikes last-minute fees deal with OpenRent

Rightmove strikes last-minute fees deal with OpenRent


Todays other news


A brief statement to the London Stock Market this evening has confirmed that Rightmove will, after all, carry OpenRent listings in future, following an agreement over fees. 

There was speculation a deal would be struck, despite a separate statement by Rightmove two days ago saying OpenRent listings would be removed from the portal on September 1.

OpenRent contributes some 8% of Rightmove lettings listings, so its loss – had it happened – would have been one of the biggest blows to the Number One portal in recent years; the very threat of it prompted Rightmove to reassure shareholders that its long-term profit and revenue forecasts remained in place. 

The latest Rightmove statement says: “Further to the announcement on 6th August, Rightmove announces that OpenRent has entered into a new membership agreement. “Our guidance for the year remains as stated at our H1 2024 results.”

 

Share this article ...

Join the conversation: Login and have your say

Subscribe to comments
Notify of
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Rightmove has rejected a £5.6bn takeover approach from Rupert Murdoch-backed...
Rightmove, still very much the Number One portal despite growing...
Edinburgh-based property portal ESPC has revealed the top-performing Edinburgh postcodes...
With the energy price cap to rise by 10% from...
The biggest rental sector headline from Labour’s manifesto may well...
Although much focus is on the Bank of England and...
A new Renters' Rights Bill is to be introduced into...
Recommended for you
Latest Features
Landlords are continuing to scale back their portfolios which could...
Rightmove has rejected a £5.6bn takeover approach from Rupert Murdoch-backed...
The Government confirmed details of its much-anticipated Renters’ Rights Bill...
Sponsored Content
B-hive Block Management Partners Celebrates Major Milestone With Over 100...
We’re absolutely delighted to announce that, after 10 years, we’re...
You don’t have to simply accept things as they are...
3
0
Would love your thoughts, please comment.x
()
x

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here