UK Agents Stage Assault on Portal Fees

Henry Pryor has formed the Estate Agency Buying Group

It’s no secret that some UK estate agents have been grumbling about the fees big name portals charge them.  

It’s been an issue on the boil for a while, but now it looks set to boil over.

Free-to-list real estate search engines like globrix.com and dothomes.com, have been making receiving significant coverage. And the launch of the NFOPP’s latest venture propertylive.co.uk, which is free to all agents who are members of a professional organisation, means many agents must be re-examining the value they get from paid-for portals.

While the big 4 - rightmove.co.uk, propertyfinder.com, findaproperty.com and primelocation.com - contiunue to dominate the market in terms of visitation and therefore most likely leads, the current economic climate is forcing agents to re-examine their marketing spend and the value they are truely graining from all their marketing.

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News Corp Enters US Online Property Market With globrix.com

A short announcement on globrix.com’s blog late last week revealed their plans to break into the already crowded US market. globrix.com Chief Technical Officer, Ian Parry, explained the details in an exclusive interview with globaledge.co.uk.

globrix.com will initially enter the premium property market on the US East and West Coasts in early 2009. And it won’t stop there: Parry also announced that the company has developed semantic translation technology which will translate real estate listings into multiple languages, allowing for further global expansion.

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