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Latest property news
EXCLUSIVE: Property search app begins national expansion
Movestreets has been in launch phase in London and Manchester but now its CEO has big plans to go into more regions and cities.
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Latest property news
‘Dating app’ for house sharing tenants wins extra £24 million funding
A Spanish smartphone app that enables tenants to meet up online and rent properties together via a ‘Tinder’ style matching platform has raised a further £24 million to develop and expand its service in the UK and beyond. Based in Barcelona, the extra cash has come from the same US investors behind challenger bank Monzo and Facebook. Called Badi, the app claims to streamline the process of finding roomies to share homes with by enabling them to complete a ‘matchmaking’ process via the app and apply for properties to rent. During the initial part of the process, tenants reveal information about their lifestyles and ideal property and roommates. They are then matched via a Tinder-style app, after which connected tenants can chat together before house hunting. In the UK Badi says it want to take market share from both more established rivals such as SpareRoom.com as well letting agents and Rightmove. The new cash brings Badi’s total raised so far to over £35 million. 40,000 tenants Launched in April last year, the app says it already has 40,000 users in London and currently offers over 100 properties. It has also set up in several other European cities including Rome, Madrid…
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Latest property news
Property dating app for vendors and agents launched
A cupid couple in Lancashire have launched a property dating app for vendors and agents that, they claim, integrates Rightmove with the functionality of dating app Tinder. Husband and wife team Rachel and Mark Worrall’s service is called, perhaps predictably, Love2move which, the couple says, enables high street agents to offer fixed price online property sales of £895 alongside their existing sales operations. The service will enable agents to compete with their corporate competitors such as Countrywide, which in its case is currently rolling a similar dual-fee model across its network. The Worralls (pictured, above), who between them have experience in property and marketing and are both 30, say they had their lightbulb moment last year when they moved house. Mark, who works for his mother’s property marketing agency MovingWorks, and Rachel, who is a career marketeer, realised when they moved house that others in their age group were being attracted to cheaper online agents but losing out on the valuable local knowledge offered by traditional agents. Love2move is designed to fill the gap between traditional and online agents, the couple say, and is aimed at what they describe as “internet-savvy millennials looking to save money by taking control of…
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