Court to consider Rightmove £1.5billion case claim today
Summary
The Competition Appeal Tribunal is hearing an application to allow a £1.5 billion claim against Rightmove to proceed as a group action. The case, brought on behalf of thousands of estate agents, alleges that Rightmove charged excessive and unfair fees and abused a dominant position in the online property portal market.
Why it matters
The outcome could affect portal pricing, competition dynamics and costs for estate agents, which may in turn influence how property listings are marketed and distributed. Surveyors involved in agency, valuation or transaction workflows should be aware of potential wider market implications if the claim progresses.
Key points
- The Competition Appeal Tribunal is deciding whether the claim can proceed as a group action.
- The lawsuit alleges Rightmove overcharged estate agents and abused market dominance.
- Rightmove says the claim is without merit and will defend it vigorously.
- A judgment is not expected immediately and may take months.
- The case could have implications for portal fees and market competition.
Organisations:
Rightmove, Competition Appeal Tribunal, Competition and Markets Authority
Locations:
UK
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