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Alex Chesterman? He’s so Moneysupermarket

ZPG's CEO reveals some suprirsing views during interview with City AM newspaper.

Nigel Lewis

Alex Chesterman has revealed his disappointment with the way Brexit has been handled by the government but, despite the challenges of leaving Europe, says he wants ZPG to become one of the world’s most influential tech companies.

These and other views were revealed today during an interview with London’s City AM newspaper. In it Chesterman says he hopes ZPG would become the ‘Amazon of the home’ and that his nearest competitors were Rightmove – as you might expect – but also comparison website Moneysupermarket.com.

But Chesterman also says Brexit has put the property market – and his £2 billion baby – on shakier ground.

“We saw property sales volumes fall quite significantly in the second half of last year, compared to the period before the vote,” he told the paper.

“Buying a home is one of the biggest and longest term decisions that people make so they tend to hold off making such important decisions in times of heightened uncertainty.”

He also said that public sentiment and uncertainty would not improve until there was “clarity and what Brexit actually mean” although the ZPG CEO is not entirely a Remainer, his comments reveal.

Good Brexit

The 47-year-old says a good Brexit could offer a bright future for the UK, but that a bad one would have “long-lasting consequences”.

His interview also reveals Chesterman’s other investments outside property. He’s put money into snack firm Graze, travel firm Secret Escapes and fresh fruit delivery outfit Farmdrop.

“I’m attracted to large markets, ripe for disruption and where technology can make the market more efficient,” he told the paper.

March 27, 2017

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