Debate House Prices


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Rightmove cuts 20% of jobs

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Comments

  • Realy
    Realy Posts: 1,017 Forumite
    neverdespairgirl wrote: »
    Maybe it means they are having to cut their prices per house advertised? I've no idea, it's just a suggestion.

    I think they have to pay on advertised propertys not on sales, so that should have no affect.
  • Jorgan_2
    Jorgan_2 Posts: 2,270 Forumite
    Realy wrote: »
    I think they have to pay on advertised propertys not on sales, so that should have no affect.

    Sounds right to me. I'm not aware of an option to pay Rightmove for properties sold, if you have 1 or 100 properties listed with them it costs the same each month.
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    neverdespairgirl wrote: »
    Maybe it means they are having to cut their prices per house advertised? I've no idea, it's just a suggestion.
    Jorgan wrote: »
    Or a decrease in the number of agents using Rightmove, leading to less properties being advertised?

    This spooked the RightMove share price back in August

    A rival NAEA proposed site which offered free advertising.

    It was supposed to be up and running in September but we're still waiting.
  • Realy
    Realy Posts: 1,017 Forumite
    baby_boomer wrote: »
    This spooked the RightMove share price back in August

    A rival NAEA proposed site which offered free advertising.

    It was supposed to be up and running in September but we're still waiting.

    Perhaps it was Bull-!!!!!move.:D
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    One of the perks of being an EA was that you had the opportunity to tender for RightMove shares. Initially they could have made a killing in the market, but most probably held on and still hold the shares.

    I just thought I'd remind the die-hard EA fans in the audience of that little titbit :rotfl:

    However the lower the RightMove share price goes, the less loyalty EAs will have to RightMove.
  • Jorgan_2
    Jorgan_2 Posts: 2,270 Forumite
    baby_boomer wrote: »
    One of the perks of being an EA was that you had the opportunity to tender for RightMove shares. Initially they could have made a killing in the market, but most probably held on and still hold the shares.

    I just thought I'd remind the die-hard EA fans in the audience of that little titbit :rotfl:

    However the lower the RightMove share price goes, the less loyalty EAs will have to RightMove.

    Fortunatley the 'perk' was only offered to principals of the business, not the staff of the firm. Wonder how much I have saved by not being eligible to buy them?
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Jorgan wrote: »
    Wonder how much I have saved by not being eligible to buy them?
    The Initial public offer was 335p.
    You missed out on a first day profit of 57p.
    They peaked at more than £6
    As I write the EA bosses are sitting on a loss of 133p per share.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Jorgan wrote: »

    Or a decrease in the number of agents using Rightmove, leading to less properties being advertised?

    "fewer" not "less" please, all of you!
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Jorgan_2
    Jorgan_2 Posts: 2,270 Forumite
    neverdespairgirl wrote: »
    "fewer" not "less" please, all of you!
    Sorry, Miss.
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