RNS Number : 0000K
11 December 2008
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Rightmove announces renewal of long-term contract with Connells
Rightmove plc, the UK's number one property website, is pleased to announce that it has renewed its agreement with Connells, the UK's second largest estate agency group. The extension to the agreement runs into 2012.
David Livesey, group chief executive of Connells says, 'We have listed our customers' properties on Rightmove from the start. Rightmove has become and will remain the leading UK property website. With its unparalleled reach, Rightmove is something house sellers expect from their agent. Rightmove is an essential element of our marketing. Signing up now for a long-term deal gives us certainty of cost, and this has a clear value to us.'
Connells, with 470 branches, trades under well-recognised High Street brands such as Connells, William H Brown, Fox & Sons, Barnard Marcus, Allen & Harris and Sharman Quinney. Connells has been voted the 'Best Large Estate Agency' company in the UK in four out of the last five years.
Rightmove's Managing Director, Ed Williams says, 'In such a challenging housing market, Connells recognises the value that Rightmove brings. From the earliest days of Rightmove, Connells have used their Rightmove membership as an effective marketing tool against their competition as well as utilising the value-added services we provide, such as our market comparables report, which has helped make them such a respected firm.'
Last month Rightmove confirmed that it was on track to meet market expectations for the current financial year.
'This is the best possible start for 2009,' says Ed Williams. 'With our largest marketing campaign ever launching on Boxing Day, a major redesign of the website just completed and the collapse of property advertising in newspapers, Rightmove continues to build on its position as the most effective marketing service for estate agents as well as the place where home hunters can see more property than anywhere else.'
Rightmove.co.uk is the UK's number one property website displaying details of homes for sale or rent to the largest online audience. It has around 90% of all properties for sale and at any time displays a stock of over 1,000,000 properties to buy or rent, worth around £270 billion. The Rightmove.co.uk site receives over 35 million visits a month.. It has been ranked as high as 7th in terms of most viewed UK websites (source: Hitwise) and was named 'Best UK Property Portal' at the 2007 Daily Mail Property Awards. Rightmove was also named 'Best Homes website' in the BT Online Excellence Awards 2007.
About Connells Ltd
Connells Ltd is the UK's second largest estate agency group, with 470 branches trading under a number of well-known brands such as Connells, William H Brown, Fox & Sons, Barnard Marcus, Allen & Harris and Sharman Quinney. Connells Ltd is generally regarded as the most successful estate agency group in the UK, measured in terms of sales per outlet and profitability. Over the last five years Connells has been recognised as the 'Best Large Estate Agency Group' on four occasions, and was the outright winner of 'The Best National Estate Agent' throughout the UK in 2006. The Company has also won awards for customer service, lettings, new homes, training and financial services.
This information is provided by RNS
The company news service from the London Stock Exchange