The recent announcement by Zoopla that they intend to float on the London Stock Exchange has created an excitement in the city and within the property industry. Who are going to be the winners and losers?
The short to medium term future for the property industry is one where we will have a minimum of three competing property portals, Rightmove, Zoopla and Agents Mutual. The two largest will be public companies and the third will be a collective of high street estate agents financed by their investors and members. Whatever the financial and marketing clout of the portals Purplebricks will always do what is best for the customer.
Read more of Michael’s thoughts on The Huffington Post.
- 29 July 2014