UK Property Portal Rightmove Faces $2 Billion Lawsuit Over Agent Fees

by- Grihik
Apr 3, 2026

Rightmove, the UK's largest property listing portal, has been hit with a $2 billion (approximately INR 1,600 crore) lawsuit in the country's Competition Appeal Tribunal. The claim, initiated by estate agents, alleges that Rightmove abused its dominant market position by charging excessive subscription fees to agencies and developers.

April 3: Rightmove, the UK's leading property portal, is facing a $2 billion lawsuit filed by estate agents, accusing it of abusing its market dominance through high subscription fees.

Market Reaction

Shares of Rightmove dropped nearly 9 per cent following the announcement. The lawsuit was initially disclosed last year, with potential claims then estimated at £1 billion ($1.3 billion).

Claim Details

The case is being led by Jeremy Newman, a former Competition and Markets Authority panel member. Since the claim was first revealed, over 250 estate agencies across the UK have shown interest and support. Newman described the response as extremely encouraging and expressed optimism about the proceedings.

Rightmove's Response

Rightmove has acknowledged the lawsuit but maintains that the claims are without merit, stating that it will defend itself. The company emphasized its confidence in the value it provides to both partners and consumers through its platform and services.

UK Property Sector Challenges

The UK property sector has faced challenges in recent years, including declining market demand and sales. These difficulties have been further aggravated by global events such as the ongoing Middle East conflict, which has contributed to higher costs and the risk of sustained higher interest rates.

Legal Support

The lawsuit is fully funded by Innsworth Capital and is backed legally by Scott+Scott UK LLP, ensuring the claimants have robust support as the case progresses.