openrent
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Proptech
Independent agencies see OpenRent as a ‘major threat’
Riccardo Iannucci-Dawson of Alto says many small agencies worry that 'DIY' platforms take away many of their potential clients.
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Latest property news
Who blinked first? OpenRent and Rightmove sign new listings deal
Online lettings agent and the UK's biggest portal have been engaged in a weeks-long battle over listings fees, but Rightmove now says they've made up.
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Marketing
Rightmove sees share price fall following OpenRent exit
The portal saw its share price drop nearly 5% after confirmation that the UK's largest lettings agency OpenRent was leaving.
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Marketing
Rightmove confirms it has parted ways with OpenRent
The UK's largest lettings agency, OpenRent, which until now represented 8% of all Rightmove's rental property listings, will leave the portal after negotiations over pricing broke down.
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Proptech
The Germans are coming! Berlin proptech VC lands with millions to spend
Proptech1 Ventures has set up an office in the City and is looking for UK proptech firms seeking to expand into Europe.
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Latest property news
OpenRent offers landlords and tenants free rent collection service
Read how the UK's largest letting agency OpenRent has launched a rent collection service that's free for both landlords and tenants.
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Latest property news
Property portals heavily criticised for allowing ‘No DSS’ rental listings
Read how Zoopla and the other UK key portals have been heavily criticised for allowing letting agents to upload ads that prevent benefit claimants applying.
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Latest property news
Tenant Fees Bill: Lords hail OpenRent as future of industry
Two peers in the Lords yesterday recommended online-only letting agency OpenRent as the future of the industry during Tenant Fees Bill debate.
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Latest property news
High street agents making 473% profit on some lettings fees, says OpenRent
The profits generated from the lettings fees charged by high street agencies remain unfair despite the looming ban to be introduced during the next parliament. That is the claim made by the UK’s largest letting agency brand, online-only operator OpenRent, which says it is now the biggest in the market at 50,000+ properties let a year, up from 25,000 two years ago. This, OpenRent says, makes it larger than competitors LSL at 35,000 rentals, Foxtons at 20,000 or Haart at 5,000. It also claims to have a ‘time to rent’ of seven days. Referencing cost The South London-based online agency says the real cost of referencing a tenant is £15 and yet recent government research indicates an average industry cost to tenants of £86. It also reveals that the average cost of setting up a guarantor is £95, while the real cost is also £15. And the average cost of a tenancy renewal is £85 but OpeRent, using a calculated cost based on it taking ten minutes to check a renewal contract and an average negotiator salary of £20,000, £4 to renew. Using the same hourly calculation of staff cost, OpeRent says it costs high street agents between £4 and…
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