One of the earliest property websites, nethouseprices.com, has been acquired by fledgling property portal OneDome.
Nethouseprices was set up in 2004 and is regarded as a pioneer amongst free to list portals. It specialised in providing sold property prices recorded in England and Wales, using data from the Land Registry. It also provides property listings for sale and to rent, auction properties and new homes and local information.
OneDome - which earlier this year moved to become a portal as an expansion of its PropTech tools offer to agents - is also a free to list platform for estate agents, offering them a 100-year free-to-list contract.
OneDome’s platform is integrated with various government and non-government organisations enabling, in its words, “the digitisation of the entire property buying process.” It raised over £9m to launch the platform in the UK market and is backed by a number of high-profile angel investors.
The combined service says it will now service over 5,000 estate agency branches and have in excess of 400,000 listings between them creating what it claims to be the fifth largest property platform in terms of direct listings from estate agents.
NetHouseprices and OneDome will continue separate branding for the time being, with Nethouseprices managing director Catherine Lamond reporting to group chief executive Babek Ismayil.
Lamond says of the deal: “This provides us with the secure backing we need to continue to support our agents in an increasingly tough property market”.
Meanwhile Ismayil adds: “Homebuying is one of the most stressful experiences in consumer’s life due to a disjointed, long and archaic process. We have the technology platform to make the process connected and streamlined and NHP provides as with an excellent platform to grow from.”