20th Jun 2006 07:01
Rightmove Plc20 June 2006 20 June 2006 Rightmove signs contracts worth £1m with leading property developers Rightmove plc announces contract signings with three major new homes developers,contributing around £1m to earnings in a full year. The UK's number one propertywebsite has signed contracts with George Wimpey, David Wilson Homes and Redrow. Following three separate successful trials the house builders have committed toadvertise their developments on the Rightmove.co.uk website. George Wimpey,David Wilson Homes and Redrow market around 500 new homes developments at anyone time. Rightmove anticipates that the total number of new home developments advertisedon the website will be up approximately 50% to about 2,325 at the half year(30th June 2006) from 1,549 developments at 31 December 2005. Rightmove now has18 of the largest 20 UK house builders subscribing to its website advertisingservice. Estate agents, lettings agents and new homes developers pay a monthly fee perdevelopment or estate agency office to list their properties on the UK's largestproperty web site. In 2005 the average monthly fee for all customers was £175.At the start of 2006, monthly fees for new home developers were increased to£240 - £250 per month per development although discounts are available fordevelopers listing more than 25 developments. - ENDS - Enquiries: RightmoveMaud Rousseau +44 (0)20 7318 [email protected] MaitlandNeil Bennett / Brian Hudspith +44 (0)20 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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