Competition is hotting up in the hybrid estate agency and although overall the sector has failed to make major inroads, a battle royal is under way to be the No.2 in the market after Purplebricks.
Strike – or HouseSimple as it used to be known – has been mounting a major effort to dislodge Yopa from its No.2 position using its ‘free to sell model which it is now rolling out across the UK.
And it is working – according to figures from estate agency comparison website OnlineAgentPicker Strike now as 14.5% of the hybrid market ahead of Yopa with 10.72%.
This compares with six months ago when Strike had 9.64% and Yopa had 18.03%.
Strike is free to use by vendors and generates revenues from the suppliers of accompanied viewings, mortgage advice, removals services and premium portal listings.
“We have built a platform that people are really engaging with, and customer feedback has been exceptional. It is really satisfying to see us overtake both online and traditional competitors.”
Both have a long way to go to catch up with Purplebricks, which currently holds just under half of the entire hybrid/online estate agency sector.
OnlineAgentPicker, which helps consumers pick the most effective online agent, says its research shows Yopa is the best of the bunch based on its price, TrustPilot and AllAgents scoring, followed by EweMove and Strike. Purplebricks is 10th.