Wednesday, Apr 30, 2008
With a keen eye on future profits, Tesco dumps property site
BBC "News": Tesco eyes property website sale
There is perhaps a subtle irony that an estate agent might buy the site - Tesco set it up with the hope of establishing a flat fee for sellers, until RICS successfully whinged that Tesco can't facilitate transactions without being an estate agent (in other words, "Gaah! that could kill us - pleease make them stop!") ...
Posted by paul @ 10:31 AM (106 views) Add Comment
1 Comment
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1. Rentinginthesouth said...
I was one of the first employees that originally started tesco property market - before Tesco even sniffed at buying the company back in 2005. - The For Sale By Owner site offered simply excellent value for money at £200 (priced at the initial investment in setting the company up) and a great product. Unfortunately all off the objections from the EA's and old boy network at the OFT (who did a U turn on their opinion of the site) forced it to close down. Shame.