British hybrid real estate agency Doorsteps.co.uk has reportedly sold hundreds of millions of dollars worth of property --- without advertising. It has also made 19-year-old founder Akshay Ruparelia the youngest person on The Sunday Time's 2018 Rich List.
British hybrid agency 99Home.co.uk has launched a new Express Letting service that will give private landlords the chance to list on top real estate verticals Rightmove, Zoopla, and PrimeLocation. All three portals officially accept advertising from agents only.
The Australian Competition and Consumer Commission has approved REA Group’s planned acquisition of property data firm HomeTrack.
Estate agency Countrywide reported that tenants in the U.K. paid around £51 billion ($67.5 billion U.S.) in rent in 2017. This has created massive opportunities for classifieds. Here's a look at the top portals and most notable technology-driven challengers.
Startups.co.uk has named two online real estate agencies, Settled.co.uk and Home-Made.com, among its 2018's Top 100 startups in Britain. The former is a flat-fee property sales agency; the latter offers flat-fee rental management.
Research by Estate Agent Today, a major U.K. real estate news publication, found that publicly traded real estate classifieds such as Rightmove and Zoopla, and hybrid agencies like Purplebricks have outperformed most traditional agencies. According to the study, Purplebricks.co.uk, Rightmove.co.uk and the Zoopla Property Group (ZPG.co.uk) have increased share value to between two and 14 times their original value since floating on the London Stock...
Zoopla Property Group (ZPG) dropped the bombshell that it has agreed to a £2.2 billion ($2.9 billion U.S.) acquisition offer from Zephyr Bidco, a subsidiary of American private equity firm Silver Lake.
Chairman Scott Forbes and senior independent director Peter Williams remain in their roles at Rightmove.co.uk, the largest property classified in Britain, after a significant minority of shareholders voted against their reelection.
British real estate classified OnTheMarket.com announced it's signed more than 2,000 branches since floating on the London Stock Exchange (LSE) AIM Market in February. This brings its total to around 7,500 agency branches.
Australian property company REA Group has acquired the Australia arm of property data firm Hometrack from ZPG --- the company that operates U.K. property site Zoopla --- for $130 million AUD ($97.7 million U.S.).