Upestates Online estate agency & will be expanding with 7 new offices in Birmingham Leicester & Nottingham
Radius says the agency expects to list at least 600 properties in 2015, double the number of listings last year.
RADIUS Equity has launched a £750,000 Enterprise Investment Scheme-compliant investment into online estate agency Up Estates.
The Milton Keynes-based investment firm suggests that online property portals are transforming the estate agency industry and traditional agencies are losing market share to new low-cost competitors.
Up Estates, which has established a strong regional foothold in Coventry, Nuneaton and Hinckley, says it combines the comprehensive, low cost reach of online portals with the personalised experience of traditional real estate agencies.
recent Ad Campaign >Up Estates - Low cost Estate agents - saving you money on agency fees
The agency expects to list at least 600 properties in 2015, double the number of listings in 2014.
Up Estates offers three low cost fee payment structures to clients. Its services include free property valuations, photography, for sale boards, matching to Up Estates’ local database and marketing on the most successful online property sites.
Up Estates has plans to expand and roll out its business model to other regional centres in the UK. From January 2016, over a 12 month period, it plans to open at least seven new local offices in target areas including Birmingham, Leicester and Nottingham.
Radius Equity’s investment will fund the growth plan.
Gary Robins, director at Radius Equity, said: “The real estate sector is evolving rapidly and Up Estates is leading the way as a regional agency with online capabilities.
“Homeowners are becoming increasingly reliant on online platforms to find property, but sellers are missing out on the personalised regional service of traditional agencies.
“Online sites focused on national coverage don’t have the ability to market your property personally and cannot offer practical services such as house showings or accurate property valuations.
“Up Estates is a true hybrid, taking the best that online platforms and traditional agencies have to offer and creating a new breed of real estate agency.”
Further Reading
The number of High Street real estate agency uk jobs slowing at a dramatic rate 5000 decline factors
Former Cricket Team Aces Join the Online EstateAgent business model thehomecloud.co.uk
Online Agency sellmyhome.co.uk teams up with Property Detective to offer local API Data
Top Chef Tony Singh sells house with the help of tech company Periscope
Housesimple.com online estate agent Vs Traditional Jamie Lester interview with Gaby Logan Radio 5
property eCommerce is booming !
Property Obudsman calls for property act ,50 % more lettings disputes , data also shows 25 % rise in online estateagents presence
easyproperty.com CEO Rob Ellice says 42 % of UK will soon be using Online Estate Agents
Comments
Post a Comment