Emoov
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Latest property news
eMoov considering potential sale to raise funds, it is claimed
Read how a leading news outlet has claimed eMoov is mulling a sale in a bid to raise more funds following its merger with Tepilo and Urban.
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Latest property news
Record £17 million crowdfunded by UK property start-ups so far this year
Read how UK property companies from a diverse range of sectors have crowdfunded some £17 million this year, almost five times last year's total.
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Latest property news
Hatched founder Adam Day reveals his next move after quitting Emoov
Read what former Hatched founder and Emoov senior player Adam Day is to do after quitting the hybrid estate agency this week.
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Features
Business on the line
Traditional or online? Which agents will win the battle? The lines are blurring, says Andrea Kirkby and it’s service that is key in this changing, challenging market.
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Latest property news
Emoov achieves best ‘price achieved’ of all the hybrid estate agents, says data firm Twentyea
Emoov has commissioned property data firm Twentyea to find out which of the hybrid estate agents offer the 'best price achieved' in the market.
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Latest property news
Are dog-friendly property viewings barking up the wrong tree?
Dog walking company and hybrid estate agent eMoov have joined forces to offer purchasers dog-friendly property viewings.
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Latest property news
Emoov changes ‘save thousands’ claim after complaint to advertising watchdog
Hybrid estate agent Emoov has changed the text on one of its online Google ads after a complaint to the UK's advertising watchdog.
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Latest property news
Yopa gets ANOTHER £20 million to fund its expansion
Savills has injected another tranche of cash into hybrid estate agency Yopa alongside several other investors, taking the total invested in the firm to £75 million. News emerged over the Bank Holiday weekend that Savills was one of four shareholders to raise a further £20 million for the company on top of previous cash calls. This latest round includes Savills’ subsidiary Grosvenor House and the Daily Mail’s parent company DMGT. “We’ve closely followed the dynamics of the property market and believe that technology-driven consumer demand will move estate agency transactions from the high street to online hybrids such as Yopa,” says Manuel Lopo De Carvalho, CEO of dmg ventures. Yopa says the new cash will be used to recruit more local representatives, upgrade its tech and fund a new customer services operation in Watford. The total raised so far includes £16 million in 2016 just a few months after it launched, while last May it raised £15 million in a similar cash-call on investors plus a further £27.6 million in September. Market share This means the business has now completed all the traditional funding rounds that start-ups usually attain, and it’s likely that investors will be expecting Yopa to start grabbing…
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Latest property news
‘Overcrowded hybrid and online agency sector will soon consolidate like portals did’
The current over-supply of online and hybrid agents will soon consolidate down from around 80 at the moment to a handful of main players, it has been claimed. Bob Scarff, the former MD of Countrywide’s Estate Agency Division and now MD of telephony technology firm Callwell, says the current position where many are jockeying for position behind Purplebricks is very similar to the mid-noughties. At that time a huge number of property portals vied to be No.2 in the market behind Rightmove. “I remember one day at Countrywide when we sat down and counted the number of places that were displaying our stock and it was nearly 100 or a similar ridiculous number,” he says. “So just like the portals, I believe the hybrids or ‘agents without branches’ as I prefer to call them will also go through a consolidation.” AllAgents.com currently lists 78 online and hybrid agencies operating in the UK and Bob says these agents will boil down to a key half a dozen including Hatched, Yopa, Purplebricks and Ewemove but who else survives through the process is up for debate. He says he can’t make up his mind about the recently enlarged Emoov and that he has…
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Latest property news
War of the fees! HouseSimple criticises Yopa and Purplebricks for their upfront charges
Online estate agency HouseSimple has taken a sideways swipe at rivals Purplebricks and Yopa over their up-front fee structures. The agency’s soon-to-be released latest TV ad features a gastro pub at which a cheeky but persistent waiter asks punters to pay upfront for their drinks and food before they are served. One group of friends are asked to pay £250 upfront for their meal, while one couple are asked to pay £50 for their bottle of prosecco before its brought over. Unsurprisingly, the apparently real-life customers at the pub are baffled and even let rip with expletives when faced with a compulsory up-front payment for their nosh and splosh. Experiment “We wanted to make a point with this experiment; that in certain situations people don’t react well to paying upfront for a service they haven’t yet received and in some cases, never will,” says Sam Mitchell, CEO at HouseSimple (right). “If we don’t expect to pay upfront in these situations, why should this differ when buying or selling your home? The film captured and reinforced our decision to be the first online estate agent to have a No Sale No Fee only proposition.” HouseSimple charges vendors a £995 flat fee…
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