Rightmove’s traffic grew 10 per cent in 2014 to 15.4 billion pages and its leads to agents grew 19 per cent to 42.8m according to its annual results out this morning.
The portal’s revenue is up 19 per cent and its operating profit up 20 per cent as it hammers home its position as the country’s dominant property portal.
It also says its number of estate agency and new homes advertisers is up 5.0 per cent to 19,304 – up from 18,425 a year earlier.
Shareholders are to receive a total dividend of 35p for the year, up a quarter from the previous year’s 28p.
Rightmove says it has lost only 260 branches to OnTheMarket, a rival portal launched last month. Chief executive Nick McKittrick says: “We are delighted that nearly every agent in the UK has chosen to remain on Rightmove following the recent launch of a new entrant, OnTheMarket.com, cementing Rightmove as the best property advertising option in the UK. As at the end of February customer numbers were unchanged from our record year end position.”
He also claims that his portal’s popularity with the British home moving public “has gone from strength to strength as more home movers visited more often and spent more time on Rightmove than ever in 2014” adding that “the trend continues with a record 100 million visits and 1.5 billion pages of property viewed in January as more home movers visit the only place with one million properties in the UK.”