UK online property space, the week in review.
Posted on October 28th, 2008 by Mike Carter
This past week has had some big announcements from the various players in space. Below is a recap for your reading pleasure.
- Rightmove is slashing staff by 20%. Is this a reaction to the recession or is it the mounting pressure from agents to leave? Some agents have begun to apply pressure using an online petition against the mighty Rightmove.
- Globrix is going to the USA. A UK-based search engine, in a similar move to DotHomes earlier this year, is shouting about it’s US ambitions.
- Propertylive from the NAEA (national association of estate agents) finally went live. We’ve been told with 50k property listings with 200k on hold. Not sure why you’d put listings on hold, unless of course your technology infrastructure is not up to scratch. We won’t talk about the delays in the launch
Full review of the newly birthed website coming soon to this blog.
- Thinkproperty is rumored to be going to free-to-list. I prefer the freemium label, but whichever label you want use, it looks like the days of subscription models is well and truly numbered.
That’s the big news here in the UK online property market.
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