A leading PropTech analyst has compared the finances of many of the world's leading property portals and says Rightmove is earning around 3.5 times what it spends - an example of outstanding profitability compared with almost every other portal worldwide.
Mike DelPrete - a contributor to Property Portal Watch who has recently praised Rightmove and Zoopla for the relative success of their diverging business models - says the world's leading portal for profitability appears to be Rightmove.
DelPrete, whose analysis on PPW uses dollars rather than pounds, says those portals behind Rightmove are New Zealand's Trade Me ($277 revenue for every $100 spent, compared to Rightmove's $350:$100). Then comes Australia's REA Group portals on $266 per $100.
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The original article is here: http://www.mikedp.com/articles/2016/10/31/zillow-group-not-quite-a-global-leader
Slight correction to the post above. Average revenues/employee at Rightmove are $600,000, compared to $260,000 per head at Zillow (for the last full financial year).
I should think so too - amount they charge!
Thought you were all about the free market, Rookie. Or is that only when it suits you?
Not surprised. People only dislike them because they're so successful. Agents dislike them because they thought of the portal idea first. The efforts to replicate RM's success, as we've seen, have not worked out well.
They are a British success story and they've managed that without too many own goals or the PR scandals that have afflicted Amazon, Tesco, Sports Direct, BHS et al.
On the market
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