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Estate agents accuse Rightmove of charging excessive fees
The claim alleges Rightmove charged thousands of agents excessive subscription fees and abused a dominant market position, with damages sought of just under £1.5 billion.
- Estate agents filed a class action against Rightmove in the Competition Appeal Tribunal, seeking just under £1.5bn in damages for allegedly abusing its dominant market position.
- Many agents report their fees have 'more than doubled' in recent years, leaving businesses 'squeezed' by costs they describe as 'unsustainable.'
- Agent Chris in Northamptonshire pays over £5,000 monthly—equivalent to two staff salaries—yet relies on Rightmove because it generates 80% of his leads.
- Rightmove stated the claim is 'without merit, and we will defend it vigorously,' adding it remains 'confident in the value we provide.'
- Accountant Jeremy Newman argues Rightmove is 'exploiting a self-evident dominant market position,' citing the company's profit margin of around 70%.
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Hundreds of estate agents get behind £1.5bn legal claim against Rightmove
The case against the property website has been filed with the Competition Appeal Tribunal, and is seeking damages worth around £1.5 billion. Hundreds of estate agents have expressed support for legal action against Rightmove, which is being accused of charging excessive and unfair subscription fees. Shares in Rightmove were falling by about 5% after the case against the property website was filed with the Competition Appeal Tribunal. It is being…
Coverage Details
Total News Sources9
Leaning Left3Leaning Right1Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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