Financial Times FT.com

Rightmove benefits from slowing housing market

By Daniel Thomas

Published: February 29 2008 12:21 | Last updated: February 29 2008 19:49

Rightmove, the leading property website, has taken advantage of difficulties selling homes in the UK to record strong yearly growth in sales and profit.

The property sales portal is paid by advertisers on a subscription basis per month, which means that the longer new-build property stays unsold and on its website, the more it earns.

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