The chief executive and founder of Zoopla says the fate of OnTheMarket, the new portal scheduled to launch today, will ultimately be decided by consumers - and that this will play to the strengths of what he calls “Rightmove’s and Zoopla’s household names.”
Property prices in Balham outpaced the rest of London in 2014 with 21% annual growth, according to estate agent Marsh & Parsons’ latest London Property Monitor.
Emoov founder Russell Quirk has branded OnTheMarket a “flawed concept” with “silly anti-competitive rules” and predicts the portal won’t last more than 12 months.
Residents at Cheswick Village, a new residential development in Filton in South Gloucestershire, have won a six-month battle to remove their property management agents.
The chief executive and founder of Zoopla says he understands why agents have set up OnTheMarket but he describes the only-one-other-portal policy as “irrational” promoted by those “who think they can put the internet back in its box.”
UK house prices increased by 0.4% in December to 8.3% year-on-year (4.5% in 2013) but the rate of growth has plateaued and is set to slow in 2015, according to Hometrack’s latest UK Cities House Price Index.
Carphone Warehouse founder Sir Charles Dunstone, together with his business partner Roger Taylor, has made a “substantial investment” in online estate agent HouseSimple.
Watch the latest weekly video roundup of news from Estate Agent Today and Letting Agent Today, featuring stories on Zoopla's reaction to OnTheMarket, a falling out between Countrywide and Spicerhaart and a campaign against Shelter's lettings proposals launched by the chairman of Choices.