Fledgling listings service takes a pop at Rightmove

Fledgling listings service takes a pop at Rightmove


Todays other news
The threat of new stricter targets has not led to...
Agents are subject to AI-generated complaints - not all of...
Tenant demand shows a net balance of -22%, the weakest...
Renting now dearer than buying in most big cities - bank data

A new listings service claims that Britain’s agents paying an average 7.2% of sales commission to Rightmove, with agents in Glasgow and Newcastle taking the biggest hit.

The Property DriveBuy has compared the estimated average sales commission of an agent in Britain with the average monthly fee paid to advertise with Rightmove to see what proportion of income agents give to the portal giant. 

With an average house price of £275,923, and an average agency fee of 1.4%, the average British agent is earning a commission of £3,918 per property sold. With the average branch selling 5.4 properties per month, this equates to a total monthly commission income of £21,158. 

Meanwhile, the average revenue received by Rightmove for each advertiser, or agent, stands at £1,524. As such, agents in Britain are giving Rightmove 7.2% of their commission. 

However, The Property DriveBuy’s analysis of eight major British cities shows that in some parts of the nation, agents are paying a significantly larger chunk of their hard earned income to the portal.

Agents in Glasgow are being hit the hardest. A low average house price of £190,165, and a low average fee of just 1.1% means the average monthly commission stands at £11,296. Rightmove’s fees, therefore, account for 13.5% of earnings. 

It’s a similar story in Newcastle where agents are giving Rightmove 12.4% of monthly commission, followed by Liverpool (10.8%), Edinburgh (9.5%), Cardiff (8.7%), Manchester (8.7%), and Birmingham (8.7%). 

London, however, is an outlier. A staggering city average house price of £565,567 creates an average monthly commission income of £51,919 for agents in the capital. As such, Rightmove’s fees account for just 2.9% of earnings. 

In 2022, the average annual Rightmove fee stood at £15,768 before rising to £17,172 in 2023. Then, 2024 saw a further increase of 6.5% to bring the average annual cost to £18,288. 

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Mandatory training and qualifications for agents on the way - government
Two-thirds of holiday rental owners now receive the majority of...
Net Zero initiative backed by fledgling rental trade group
Rightmove is linking with the UK’s largest energy supplier, Octopus...
Six applicants for every available rental home - Propertymark
The imbalance between supply and demand for rented homes has...
Rightmove tries to steady housing market nerves
The ideal property for a renter appears to be one...
It was thought at one stage that the Bill would...
It appears Knight Frank was involved at one stage...
Recommended for you
Latest Features
The threat of new stricter targets has not led to...
Sponsored Content

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.