Record Profits Shadowed by Soaring Subscription Fees
Rightmove's Record Profits Shadowed by Soaring Subscription Fees: Krispyhouse.com Emerges as a "Zero-Cost" Alternative
In the dynamic landscape of the property industry, one platform is making waves for its commitment to providing free and accessible services to its users - Krispyhouse.com. While other property portals are hiking their fees, Krispyhouse.com remains steadfast in its mission to offer a free platform for property listings.
Recently, Rightmove, The UK's Largest Property Portal, announced a significant rise in its revenue and profits for the first half of the year. The company reported a 10% increase in revenue, from ￡162.7m to ￡179.5m, marking the highest revenue growth in a first half period since 2018. Operating profits also saw a 7% increase, from ￡121.3m to ￡129.5m. This growth, according to Rightmove;
This is driven by the resilient and growing customer demand for its products and services.
However, this financial success has come at a cost to its users!
Rightmove has increased its subscription fees by 17%, a decision that has been met with criticism from estate agents who feel they have no choice but to pay these increased fees due to Rightmove's significant market share. The basic package for estate agents is now at a staggering ￡1,385 per month.
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By contrast, Krispyhouse.com offers a refreshing alternative. As a free platform, Krispyhouse.com removes the financial barriers often associated with property listings. This approach not only benefits estate agents but also widens the pool of potential renters, fostering a more inclusive property market.
But Krispyhouse.com's commitment to its users goes beyond cost-saving. The platform is dedicated to providing an intuitive and user-friendly experience. With a focus on innovation, Krispyhouse.com is continually improving and expanding its features to meet the evolving needs of its users.
In a market where the cost of living and the pressures of a reduced market are real concerns, Krispyhouse.com offers a solution that is both cost-effective and efficient. By choosing Krispyhouse.com, estate agents can reach a wide audience without the financial strain of increased subscription fees.
As the property industry continues to evolve, Krispyhouse.com is proving that it's possible to offer a high-quality service without passing the cost onto its users. In doing so, it's not just challenging the status quo - it's setting a new standard for what a property portal can be.
Team Leader at krispyhouse.com | Lettings Portal
1 年Here me out.....I think property portals should be free...
Reporting
1 年It reminds me of the days when Reuters was making too much money and allowed Bloomberg to come in and take over the market