The growth of online agents is flying as consumers appreciate the significant financial savings and services companies such as eMoov.co.uk can offer. eMoov.co.uk has seen an increase of over 50% in instructions compared to the same period last year and, has currently raised over £2 million of investment from its crowdfunding campaign.
eMoov’s latest internal tracking of the major property portals reveals some interesting developments over last few months. After the initial rush to join Onthemarket.com (OTM) earlier in the year, their growth appears to be stagnating with little or no increase in membership numbers over the last couple of months. The reality appears to be setting in for its members as a number of notable names have quit OTM to return to Zoopla.co.uk (ZPG), including multi-office agencies like Stirling Ackroyd, Statons, Alex Neil and Cheffins amongst others.
eMoov has received a number of requests this year from sellers wanting to list their property because eMoov markets all of their properties on ZPG and Rightmove. Just last week eMoov listed a property in London SE1, on the market for £385,000. The property was already on the market with Onthemarket, but the seller made the decision to list with eMoov as well as their existing agent, in order to get their property exposed to the vast number of property buyers via Zoopla.co.uk.
Russell Quirk, Founder & CEO of eMoov commented: “The service being offered by online agents is clearly being embraced by sellers who can see the benefits, which include lower costs and wider marketing versus OTM agents. To some extent we and other online agents owe a debt of gratitude to Ian Springett and his ‘one other portal’ rule, which has given us a clear USP and has made winning instructions against his members far easier.”