Rightmove sets out opposition to £1.5bn group claim
Summary
Rightmove is opposing a £1.5bn legal claim brought by estate agents over alleged overcharging, with the Competition Appeal Tribunal currently considering whether the case can proceed on an opt-out or opt-in basis. The portal says the claim lacks merit and disputes the methodology, funding and representation behind the action.
Why it matters
The case could affect the cost base and commercial terms for estate agents, which may in turn influence portal pricing and market behaviour. Surveyors involved in agency, valuation or wider residential transactions should be aware of potential knock-on effects for market transparency and agent operating costs.
Key points
- Estate agents are seeking to bring a £1.5bn group claim against Rightmove.
- The tribunal is deciding whether the case can proceed on an opt-out or opt-in basis.
- Rightmove argues the claim should not be certified on an opt-out basis and questions the claim methodology and funding.
- The claimant says opt-in would limit access to compensation for smaller businesses.
- A judgment is not expected immediately and may take months.
Organisations:
Rightmove, Competition Appeal Tribunal, Competition and Markets Authority
Locations:
UK
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