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TODAY'S OTHER NEWS

New tool reveals marketing history and prices of Rightmove listings

The new Propcision website says it now has a tool which allows users to see the marketing histories of London properties listed on Rightmove - and so see those which have had their prices reduced.

Currently Rightmove does not have this feature; Zoopla does have some price-drop information but has lost some London listings to OnTheMarket, which makes a point of saying it will not carry marketing histories. 

However, the Propcision tool is likely to be usable on almost all London listings because of the strength of Rightmove. 

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Propcision, set up during the summer, offers an internet browser add-on that plugs into Rightmove. “Estate agents as well as buyers may welcome such a tool as it encourages footfall again as the weather cools and generates interest in properties that a vendor needs to sell” says a spokeswoman for the website.

“It’s like hitting the sales racks at Primark on Black Friday” she adds. 

Propcision adds further filters such as ex-local authority, purpose-built, properties requiring work or having planning permission, auctions, cash-only purchases and rental yield.  

The website is the brainchild of Michelle Ricci, the former head of a team of analysts on a credit derivatives trading floor, and Julien Zak, a quantitative developer for major banks. Its first offering was a yield-calculator for prospective buy to let purchasers, estimating rental income from Rightmove listings. 

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    This isn't new! property-bee.com does this already but for the whole country not just london

  • Rob  Davies

    @ Cat Lamond - Interesting. Thanks for the heads-up.

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    So agents can use this to see which agents are reducing asking prices and then still claiming they achieve X per cent of asking prices for their clients??

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