Sunday, Jan 25, 2015

On The Market opens tomorrow

Guardian: New property portal challenges duopoly of Rightmove and Zoopla

Homeowners who want to sell their properties are being warned that from tomorrow they could miss out on potential buyers, as thousands of estate agents will stop listing homes on either Rightmove or Zoopla.
A serious challenger to the two sites, onthemarket.com, goes live on Monday and agents who sign up to it will do so on the condition that they stop listing on one of the other two property portals. Between them Rightmove and Zoopla get 100m hits a month.
How will this site impact the current market?

Posted by debtserf @ 12:13 PM (6084 views)
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9 Comments

1. reticent said...

Inevitable given the way RM and Zoopla have supposedly been raising prices on the EAs.

Annoying to have to search one more site, though.

But if you're also checking Gumtree, iamtheagent, primelocation etc., its not the end of the world, I suppose.

Sunday, January 25, 2015 04:24PM Report Comment
 

2. khards said...

I guess this makes the Right Move index redundant?

Sunday, January 25, 2015 05:09PM Report Comment
 

3. Captain Tightwad said...

This situation looks ripe for a scraper service, legal or otherwise, to combine them into one unified listing.

Sunday, January 25, 2015 05:23PM Report Comment
 

4. Alan Lubin said...

Zoopla/Right Move should open up their site to people who want to sell direct without going through an agent. Check mate.

Sunday, January 25, 2015 07:55PM Report Comment
 

5. Homerenter said...

> Annoying to have to search one more site, though.

You don't have to search "one more site" - if you search RM and Zoopla you'll also see the houses that are on OnTheMarket.com. It's redundant.
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Monday, January 26, 2015 09:27AM Report Comment
 

6. mombers said...

@2 khards the Rightmove index is next to useless anyway. It's asking prices, most of which are absolute dream land.

Monday, January 26, 2015 10:09AM Report Comment
 

7. libertas said...

This is nonsense. All that will happen is that vendors will list properties with two agents to ensure they get on all portals. Some Agents may buy competitors and keep them as separate entities to ensure that they get both sides of that trade. There will be an arbitrage between the better option, with people scrambling to get on what they percieve as the better of Zoopla and Rightmove rather than the other way around.

Expect other new entries into the website market to further upset the apple-cart. This attempt at creating a new duopoly will be an abject failure. The public will not welcome it and move away from these "big players" in their droves.

Tuesday, January 27, 2015 08:16AM Report Comment
 

8. libertas said...

It is still not open to business. Me thinks that a big player has told them to F-Off with their attempts at monopoly provision after their clients are, as I predicted, choosing a second Agent to get around the listing restrictions.

Maybe it will come back without that odd restriction.

Wednesday, January 28, 2015 08:17AM Report Comment
 

9. khards said...

Just checked out the on the move site again.

Agents appear to be using it as a dumping ground for 'overpriced $hit holes', there again with prices so high it's hard to tell.

Wednesday, January 28, 2015 02:53PM Report Comment
 

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