online agents
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Agencies & People
Another loss year for Yopa in 2023, latest results reveal
In a self-described ‘challenging year’ Yopa’s revenue was down by nearly 20% when compared to 2022, prompting directors to predict more funding will be needed.
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Latest property news
ANALYSIS: How far have online agents penetrated the sales market?
Boss of leading property data firm TwentyCI analyses the true level of progress by online agents such as Purplebricks, Strike Yopa and others.
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Latest property news
Market share of hybrid/online agents falls in booming 2021
The market share of hybrid/online agents has fallen to 6.7 per cent in 2021 from a high of eight per cent in 2020, revealed in report by market analyst, TwentyCi.
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Latest property news
Major estate agency CEO: Online agencies are a ‘deceit’
Dexters' Chief Executive pulls no punches when talking about the way online and hybrid estate agencies market themselves to potential vendors.
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Latest property news
Coronavirus crisis and the portals’ response to the plight of agents
As the Coronavirus spreads across the UK, our estate agencies face a battle to keep afloat – this is how the portals have responded to the developing crisis in the industry.
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Latest property news
Online estate agency with 520 properties to launch Seedrs crowdfunding campaign
Nu:move says it is profitable but wants additional funds to help it recruit more regional agents and fund a national advertising campaign.
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Latest property news
Ministers ‘not listening’ on perfect storm facing high street estate agents
ARLA and the NAEA Propertymark have written a uncharacteristically blunt joint letter to business minister Andrea Leadsom warning that business rates are driving estate agents off the high street and helping reduce employment within the sector. Signed by both David Cox and Mark Hayward, the letter reflects the growing anger within the industry that the government is unaware of the perfect storm being faced by high street agents. This includes being charged higher business rates than retail premises because agents’ branches are considered offices rather than shops; and facing both increased costs created by additional regulation and competition from online agents, who utilise home-based representatives rather than office staff. “One of our members has told us that the amount they pay in business rates is greater than the annual profit made in a year,” the letter says. Fewer jobs It also suggests that this cost is beginning to impact employment levels; 3,000 fewer people were working within the sales and lettings sectors last year than compared with 2017, Propertymark claims. The letter also points out that while agents support the government’s recent investment in towns and communities and Boris’s electoral commitment to ‘thriving high streets’, the cost of business…
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Latest property news
Online estate agents take 10% of market for first time within sub-£200k sector
Research by TwentyCI suggests online estate agents are gaining traction among budget home movers and particularly in the NW, West Midlands and Yorkshire.
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Latest property news
Most vendors care most about speed of sale and getting asking price, not fees
Research by consumer advice website claims most sellers care little about the advantages claimed by online and hybrid agencies.
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Online agents – “do vendors understand what they’re paying for?”, asks TV presenter
Phil Spencer says cost isn't everything when choosing an estate agent to sell a property, as he launches podcast guide for homebuyers.
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