OnTheMarket.com, the British property platform founded by the Agents' Mutual cooperative, added some 250 branches to its client list. This is thanks to agreements with two leading real estate agencies, namely Chancellors Group and Hunters Property Group.
The Zoopla Property Group (ZPG), owner of leading U.K. sites Zoopla.co.uk and PrimeLocation.com, reported a record financial performance for the full year 2017. The highlight was overall revenue growth of 24 percent y-on-y.
British property sellers have a new option, a free sale-by-owner site, Yannups.com. Founded by Italy-based, British real estate professionals Nick Ferrand and Victoria Greenwood it puts owners in full control of the sale process.
The Zoopla Property Group (ZPG.co.uk), owner of real estate platforms Zoopla and PrimeLocation, announced it has won back more than 1,000 agency branches that had defected to rival OnTheMarket.com.
New British real estate site OkayLah.co.uk broke with tradition in the classifieds industry by allowing owners to list their properties directly on the site. An owner pays just £65 ($85 U.S.) to advertise a property, and there is no time-limit on how long the listing is active.
New U.K. real estate site Ex-Council.com is a niche site specialized in former council-owned properties. The new site targets a large and potentially lucrative niche.
British real estate association Agents' Mutual has appointed Chris Bell, former CEO of gambling company Ladbrokes, as non-executive director. While its classified portal OnTheMarket.com has signed a five-year agreement with Arun Estates.
British proptech firm Love2move.co.uk signed six, new bricks-and-mortar real estate agencies as clients. The online platform partners with traditional real estate agents to allow them to offer a £895 ($1,175 U.S.) fixed-fee online sales service.
The Zoopla Property Group (ZPG) has renewed its contract with Countrywide. The three-year deal commences in 2018, this means the leading U.K. estate agency will continue to advertise all its properties on the Zoopla platform until 2021.
Top British classified Rightmove.co.uk is the world's most profitable real estate platform. Mike DelPrete, an industry expert and senior consultant of the AIM Group, made an in-depth analysis of global property sites. He concluded that Rightmove's 75 percent EBITDA margin (on earnings before interest, tax, depreciation, and amortization) made it the world's most profitable real estate site.