Michael Bruce is said to have been courted by City investors in recent days as he looks for the million necessary to take on Rightmove and Zoopla.

After months of total marketing silence from the main property portals, Zoopla has now revealed a huge push to capitalise on discontent with Rightmove.

Portal's acting CEO says he faces 'regrettable' decision to consider redundancies as realities of Covid aftermath affect the business.

Deal launched in April gives joining agents who pay up to £2,500 of OTM shares per branch depending on how many other portals they list with.

Zeus Capital says the portal will have a difficult 2020 but it expects it will be profitable in 2021/2 as member agents move to paying full fees and revenues increase by £10m.v

Lee Pendleton says Rightmove has been a leads and marketing powerhouse for his and many other agency businesses over the years – and will continue to be so.

'Third portal' says it has enough cash to fund the extended offers, which sees its fees discount held at 30% during August but reduce to 20% in September.

Document released today by a campaigning group shines a light on the extraordinary situation most agents face when paying for Rightmove, and how the balanace of power should be levelled.