Thursday, Feb 18, 2010
This might sort them out!
Times on line: OFT clears path for Google to take on estate agents
Google is widely expected to launch a property search website as soon as this year, and Tesco tried in 2007 to launch a property finder online service that charged sellers a flat fee of £199, before shutting it down, partly because of the burden of regulation.
Concluding a long-awaited investigation into homebuying and selling, the OFT said: "The housing market remains dominated by traditional estate agents with weak competition between them on price. As property prices rise during housing booms, so too do estate agents’ fees ... The OFT believes that innovation in this sector, in particular through online services, could have a dramatic impact on the cost of buying and selling a home.
Posted by waitingtobuy @ 09:11 PM (743 views) Add Comment
1 Comment
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1. paul said...