In a day that saw stock markets worldwide have tumbling with investors unsettled by the continued slide in oil prices and fears about the impact on global growth.
Tech start up Zoopla [ ZPLA ] property portal bucked the market . News released by Zoopla , what it calls a “record number” of agents to have rejoined from OTM. Shares in online property website Zoopla preventing them sliding , in comparison to many of it contemperies on the London FTSE.
Zoopla - the second biggest UK online property site after Rightmove , also paid £190m for uSwitch price comparison site in April 2015.
Zoopla innovative new add campaign for 2016
The named estate agents include Whitehornes in south Yorkshire, Coast in Scotland, Hamilton Bowyer in Yorkshire and Pritchards in Bath. London agents returning to Zoopla include Keller Williams, Salter Rex and Haus Properties in London.
Andy Robinson at Whitehornes in Yorkshire
"ZPG have been great in welcoming us back with a seamless transition. We have found the Zoopla team to be extremely passionate, enthusiastic and knowledgeable and the level of service and, most importantly, the quantity and quality of leads generated we have received since returning has been significantly greater than the competitor we have just left. We look forward to a long lasting professional relationship with ZPG."
Rightmove the largest property search portal saw a downturn today, in its share price.
Many City analysts last year said, it may have reached it 52 week high , it has been heading north since 2011 IPO in London and has now slowed ,dramatically.
Wall Street shares eased back from earlier losses on a day of turmoil on global markets when the plunging oil price again panicked investors.
The Dow Jones and S&P 500 indexes closed 1.56% and 1.2% down, after tumbling more than 3% earlier.
The main European stock exchanges also slid to a 15-month low.
Analysts say investors fear low oil prices reflect a fall in demand for fuel which could be a sign that growth in the global economy is slowing down.
The falls in Europe and the US came after Asian stocks closed sharply lower.
Many investors have been an eyeing up the growing popularity of online estate agents who charge a fixed fee rather than commission ,on the completion of a property sale or let. Purplebricks.com also saw volatility with global oil prices routed. Paul Woodford star hedge fund manager , has invested over 25 % in the Aim listed company , is confident that his investment fund portfoilio is strong enough to handle , strong headwinds .
Rightmove and Zoopla except listings from online estate agents, with the exception of onthemarket , leading to a fragmented search of properties for the majority and bad user experience.
Further Reading
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Zoopla innovative new add campaign for 2016
The named estate agents include Whitehornes in south Yorkshire, Coast in Scotland, Hamilton Bowyer in Yorkshire and Pritchards in Bath. London agents returning to Zoopla include Keller Williams, Salter Rex and Haus Properties in London.
Andy Robinson at Whitehornes in Yorkshire
"ZPG have been great in welcoming us back with a seamless transition. We have found the Zoopla team to be extremely passionate, enthusiastic and knowledgeable and the level of service and, most importantly, the quantity and quality of leads generated we have received since returning has been significantly greater than the competitor we have just left. We look forward to a long lasting professional relationship with ZPG."
Describing the news as a “record number” of returning agents.
Zoopla Property Group also went on to say it had delivered record levels of appraisal leads to its agent members in 2015, up 42 per cent year-on-year.
The first two weeks of 2016 saw leads generated across ZPG increased a further 25 per cent on the same period last year.
“sellers and landlords are increasingly using our websites to identify and select local agents. Though our unique products we help our members win more business and in the last two weeks alone have delivered instruction leads worth over £10m in potential fees to our member agents” says ZPG spokesman Lawrence Hall.
“Any agent who is not a member of ZPG is clearly missing out on valuable instruction leads which is no doubt why we are seeing many members return and we look forward to welcoming many more back in the coming weeks and months" .
Earlier today OnTheMarket website issued a testimonial from a spokesman from founding member Savills estate agents, the website has had the effect of destabilising the main two UK property portals Zoopla and Rightmove, by dividing the property listings search market ,since launching.
A one portal rule precludes any high street agent from listing their properties on both of the main two portals .Many within the UK business community have strong feeling of its any competitive nature , as well making it a head ache , for home-buyer homeowner , landlord and tenant ,searching property for sale or rent.
Corporate estate agent Savills claims to have received as many leads from OTM, as from Zoopla, and of a better quality.
Savills plc shares traded down
Strutt & Parker investment partner Catella CAT A and CAT B [a financial adviser on the European commercial real estate market] whose shares listed on the US Nasdaq OMX first North financial market continue south for Jan 2016. Strutt and Parker is another founding member of OTM.
The first two weeks of 2016 saw leads generated across ZPG increased a further 25 per cent on the same period last year.
“sellers and landlords are increasingly using our websites to identify and select local agents. Though our unique products we help our members win more business and in the last two weeks alone have delivered instruction leads worth over £10m in potential fees to our member agents” says ZPG spokesman Lawrence Hall.
“Any agent who is not a member of ZPG is clearly missing out on valuable instruction leads which is no doubt why we are seeing many members return and we look forward to welcoming many more back in the coming weeks and months" .
Earlier today OnTheMarket website issued a testimonial from a spokesman from founding member Savills estate agents, the website has had the effect of destabilising the main two UK property portals Zoopla and Rightmove, by dividing the property listings search market ,since launching.
A one portal rule precludes any high street agent from listing their properties on both of the main two portals .Many within the UK business community have strong feeling of its any competitive nature , as well making it a head ache , for home-buyer homeowner , landlord and tenant ,searching property for sale or rent.
Corporate estate agent Savills claims to have received as many leads from OTM, as from Zoopla, and of a better quality.
Savills plc shares traded down
Strutt & Parker investment partner Catella CAT A and CAT B [a financial adviser on the European commercial real estate market] whose shares listed on the US Nasdaq OMX first North financial market continue south for Jan 2016. Strutt and Parker is another founding member of OTM.
Rightmove the largest property search portal saw a downturn today, in its share price.
Many City analysts last year said, it may have reached it 52 week high , it has been heading north since 2011 IPO in London and has now slowed ,dramatically.
Wall Street shares eased back from earlier losses on a day of turmoil on global markets when the plunging oil price again panicked investors.
The Dow Jones and S&P 500 indexes closed 1.56% and 1.2% down, after tumbling more than 3% earlier.
The main European stock exchanges also slid to a 15-month low.
Analysts say investors fear low oil prices reflect a fall in demand for fuel which could be a sign that growth in the global economy is slowing down.
The falls in Europe and the US came after Asian stocks closed sharply lower.
Many investors have been an eyeing up the growing popularity of online estate agents who charge a fixed fee rather than commission ,on the completion of a property sale or let. Purplebricks.com also saw volatility with global oil prices routed. Paul Woodford star hedge fund manager , has invested over 25 % in the Aim listed company , is confident that his investment fund portfoilio is strong enough to handle , strong headwinds .
Rightmove and Zoopla except listings from online estate agents, with the exception of onthemarket , leading to a fragmented search of properties for the majority and bad user experience.
Further Reading
Investors eye growing number of online UK estate agents
Government urged to use Bitcoin-style digital ledgers, could help issue land registry property title deeds
Royal Bank of Scotland to settle on US mortgages within Weeks
Birmingham, Berlin and Hamburg are top of the property market as the capital is overtaken by cities such as Budapest and Istanbul
Bank of England's Carney says no timetable for rate rise , interest rates , buy-to-let
Euro Zone banking Oil price falls Iran sanctions lifted and Property Industry and Portals
Investment fund behind purplebricks.com acquire Property Developer operating in Ibiza
Competition and Markets Authority 2016 will be a very interesting year for CMA in all facets of competition within the property industry
Royal Bank of Scotland to settle on US mortgages within Weeks
The snow balling woes of CountryWide PLC high street estate agency
Prime Minister David Cameron pledges to transform sink estates @onthemarketblog
How BlockChain may solve fraud in Real Estate property industry
UK house prices rose 9.5% in 2015, says Halifax
More buy-to-let landlords searching for mortgages on cheaper properties + housing market shows no sign of slowing down winter months
Aldi Lidl shoppers won't jump ship to Tesco Ground Hog Day / Tesco wants its money back
buying letting renting property and homes, will never be the same again
New head of development joins leading online estate agency easy property + launching #CRE auctions
Bank of England volatility has extinguished any prospect of a rate rise in the near-future.on track for seven years of record low interest rates as global markets turmoil
Why UK Property Online Real Estate Agents really do have billon pound start up potential Says GOOGLE
Bowie predicted the internet of things which can be applied to property industry today
2016 year of Tech start Future is VERY BRIGHT from London to New York
Birmingham, Berlin and Hamburg are top of the property market as the capital is overtaken by cities such as Budapest and Istanbul
more Countrywide plc disruption as chairman leaves largest UK high street estate agency
Countrywide PLC UKs largest Real Estate
Agency - Alison Platt CEO Let The Battle Commence Online
UK's biggest estate agent Countrywide sees shares plunge 12% as shortage of properties for sale hits profits
why wallpapering over the cracks won't help, Country Wide PLC
countrywide PLC sees a direct threat from online real estate agents like for like
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