The portal's decision to trial 'selling' commercial properties online via its website may be one small step, but is likely to worry residential agents.
Rightmove has for the first time enabled buyers to make direct offers for properties and digitally exchange contracts via its website.
But the portal is only trialling the service among a selected few of its listed commercial properties for the next six months.
Visitors to Rightmove can view its properties within the portal’s commercial section, submit offers for them and also digitally exchange contracts.
Offers may also be submitted by private treaty, ‘best offers’ or during a real-time auction, depending upon the method of sale selected by the selling agent and vendor.
The properties range from a £20 million office building in Mayfair to a £300,000 retail unit in Yorkshire.
As The Negotiator revealed in December last year, Clicktopurchase has also been used to sell houses, so in theory its service could be offered among Rightmove’s residential listings.
Clicktopurchase is a buying and selling platform that enables a legally binding exchange of contracts online.
Property worth £225 million has been bought via the blockchain-based platform since it was launched both in the UK and Ireland.
“Trialling a route to this technology through Rightmove will give potential buyers the chance to do everything online, from property search to legal exchange” says Rightmove’s Head of Commercial Alex Solomon (left).
“By offering this to the UK’s biggest commercial property audience we’ll find out how much of an appetite there is for a solution like this.”