London now boasts what may be the world's first "off-market" real estate site. InvisibleHomes.co.uk connects potential purchasers with people selling their home "off-market". It adds a new layer of search sophistication to U.K. property classifieds, albeit at the cost of semantic confusion.
OnTheMarket.com CEO Ian Springett has responded to analyst Mike DelPrete's critique of the U.K. property site's upcoming float on the London Stock Exchange, noting that "the overwhelming majority of our members have supported our strategic proposals".
I’ll cut right to the chase: OnTheMarket, the property site challenging Rightmove and Zoopla, does not offer more value to consumers compared to the existing alternatives. It serves no purpose and investing in such a business would be a horrible idea.
The U.K. High Court of Justice Chancery Division formally sanctioned the member vote of Agents' Mutual in favor of floating OnTheMarket.com on the London Stock Exchange (LSE). This was the final legal step for the proposed IPO, and the path is now clear for the company to plan its listing on the LSE.
EasyProperty.com relaunched as a hybrid real estate site in England and Wales following its June 2017 merger with GPEA Ltd, the parent company of the Guild of Property Professionals and Fine & Country. It offers online sales packages mediated by a team of more than 350 local property professionals.
Leading U.K. real estate site Rightmove.co.uk raised its listing fees, so agents will pay up to £1,750 ($2,300 U.S.) per month for advertising on the site. There are two lower tiers of pricing: the 'essential' package for £1,000 per month, and 'enhanced' for £1,450.
Another day, another acquisition for the Zoopla Group (ZPG). The UK property site’s latest acquisition is Dot Zinc Limited, owner of Money.co.uk, a financial services comparison site. ZPG is paying £80 million ($105 million U.S.) up front for the company with an additional performance-based earn-out of up to £60 million possible, according to the ZPG press release. Money.co.uk compares financial products in more than 60...
OnTheMarket.com, the U.K.'s third-largest property site, will float on the London Stock Exchange (LSE) following a vote by members of the parent company Agents' Mutual. The vote still has to be confirmed by a court on Monday. But, this is simply a formality.
The Zoopla Property Group (ZPG) acquired Ravensworth, which provides on-demand print and creative marketing services to UK estate agents. The acquisition, for an undisclosed sum, is Zoopla's sixth major acquisition in the past two years and its third in 2017.
On Sept. 6 members of OnTheMarket.com, the No. 3 real estate vertical in the U.K., will vote on whether the company should float on the London stock exchange. A number of agents are rallying opposition ...