Rightmove increased revenues 15 per cent to £192.1m in 2015, it announced on Friday — slightly ahead of expectations , while pre-tax profit was up 12 per cent to £137.1m. It racked up 1.3bn visits to its website in 2015, 18 per cent more than a year earlier. Rightmove also retained a healthy margin: underlying operating margin was 75.1 per cent, up from 74.6 per cent a year ago. William Packer, analyst at Exane BNP Paribas, said it was a “a strong set of numbers, especially in the context of the Agents Mutual [OnTheMarket] launch last year”. Exane BNP Paribas are also analyst brokers for the RMV. OnTheMarket is a property portal set up by agent-run collective High Street Estate Agents’ Mutual with the aim of bringing down fees paid to list online FOR THEMSELVES . Presently Rightmove and Zoopla dominate the market and are the first port of call for many consumers. Zoopla reported on Thursday it had increased its agent members 1 per cent to 12,841 . BUT OTheMarket...
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