Rightmove Invests in AI,Targets 12% Annual Growth by 2030

Published: 2025/11/08 07:06:43

Rightmove,the UK’s largest online property portal,is significantly investing in artificial intelligence (AI) and anticipates a 12% annual increase in growth by 2030,driven by the success of these investments. The company highlighted the growing importance of AI in its recent business update.

AI as a Core Business Strategy

According to Rightmove, AI is no longer a future consideration but a central component of its current operations and future planning. The company is developing a range of AI-powered innovations designed to benefit both its partners (estate agents) and consumers (home buyers and sellers). These innovations leverage Rightmove’s extensive reach and the wealth of data it collects.

“AI is now becoming absolutely central to how we run our business and plan for the future.We are already working on a wide range of exciting AI-enabled innovations benefit of our partners and consumers, and see vast potential utilising our leading reach and connected data,” said Rightmove CEO Johan Svanstrom in the update. CNBC

Investment and Digital Leadership

Rightmove is actively increasing its investment to enhance its AI capabilities. The company believes this will strengthen its platform and drive higher growth over time. A key objective is to solidify its position as a leader in the UK property technology (PropTech) ecosystem.

“We are investing to accelerate our capabilities, which we are confident will create an even stronger platform and higher-growth business over time. We aim to further advance our leading digital position in the UK property ecosystem,” Svanstrom added. CNBC

What does this meen for the UK property market?

Rightmove’s increased focus on AI is highly likely to lead to several changes in how people buy, sell, and rent properties in the UK. Potential applications of AI include:

• More accurate property valuations: AI algorithms can analyze vast datasets to provide more precise estimates of property values.
• Personalized property recommendations: AI can learn user preferences to suggest properties that are a good fit.
• Improved customer service: AI-powered chatbots can provide instant support to users.
• Streamlined transaction processes: AI can automate tasks such as document verification and legal checks.

Key Takeaways

• Rightmove is making substantial investments in AI.
• The company is targeting a 12% annual growth rate by 2030, fueled by AI initiatives.
• AI is becoming integral to Rightmove’s business strategy.
• The investment aims to strengthen Rightmove’s leadership in the UK property market.

Rightmove’s commitment to AI signals a broader trend within the UK property market towards increased technological innovation. As AI continues to develop,it is expected to play an increasingly significant role in shaping the future of property transactions and experiences.