Value of UK house sales to jump 46 per cent this year but London lags behind May 26, 2021 The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data. Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years. The forecast comes after data last week [...]
Zoopla founder raises £25m for used car startup Cazoo September 1, 2019 A company planning Amazon-style home delivery for cars has won a further £25m in backing ahead of its launch later this year. Cazoo, the brainchild of Zoopla founder Alex Chesterman, got investments from DMG Ventures, Stride VC, Octopus Ventures and Entree Capital. Read more: Zoopla founder Alex Chesterman drives away with £30m funding for used [...]
As the satnav led to Uber’s success, how long before portals Rightmove and Zoopla create global estate agents? September 1, 2015 The rapid rise of Uber among its consumer base is often commented on by those looking for an example of a game changing force within an industry. But it isn’t just the taxi app's innovative use of tech or lower price, it’s much more than that. It has literally transformed the landscape of the taxi [...]
Zoopla share price jumps as it fights off competition from OntheMarket August 12, 2015 OntheMarket? What OntheMarket? Shares in online property portal Zoopla jumped 4.6 per cent to 265.9p in mid-morning trade, after it announced it was back to growth in the second half, with membership bouncing back following what looks increasingly like a blip. The figures Zoopla may have been hit by competition in its last results, but [...]
OntheMarket will fizzle out before its first birthday because unlike Zoopla and RightMove it serves the middlemen, not home buyers and sellers July 29, 2015 Years ago, estate agents used to sell properties via traditional marketing campaigns, from listings in a shop window to double page adverts in the local newspaper. Times have certainly changed and these days nearly all property buyers head to Zoopla or Rightmove to find their next property. This week marks the six-month birthday for [...]
Zoops…Zoopla’s £13.85m gaffe July 15, 2015 A TECHNICAL glitch has shocked the residents of sleepy Stornoway in the Outer Hebrides, after property website Zoopla put a valuation of £14m on a semi-detached house not even up for sale. Zoopla yesterday showed six houses for sale in the town, ranging from a 4-bed town house priced at £225,000 to a 2-bed terraced [...]
Zoopla accidentally overvalues home located in Stornoway in Lewis by around £13.85m July 15, 2015 A wayward algorithm on online property portal Zoopla accidentally overvalued a home located in Stornoway in Lewis, Scotland to the tune of around £13.85m. Annabel and Dan MacDonald, owners of the semi-detached property which wasn't even up for sale, told the BBC they think its real value is actually closer to £150,000. The hefty price tag would still be [...]
Is your home worth over £1 million? Over half a million people in Britain are now “property millionaires” July 11, 2015 The total number of people sitting on properties worth more than £1m now exceeds half a million for the first time. There are 524,306 “property millionaires” in the UK, a rise of 8.3 per cent in a year, according to property website Zoopla. There are now 10,958 streets where the average property price is more [...]
Online farmers market Farmdrop receives funding from Zoopla founder Alex Chesterman June 7, 2015 Farmdrop, the online farmers’ market for Londoners, has received significant funding from Alex Chesterman, the man behind Zoopla, It is also preparing to launch another major crowdfunding campaign. This is expected to launch in the next two to three weeks. Chesterman, who also founded LoveFilm, invested £100,000 in the final quarter of 2014. Farmdrop founder, [...]
Zoopla share price falls as it loses nearly a quarter of its agents May 20, 2015 The figures Shares in property listings site Zoopla fell 2.74 per cent to 223.7p in mid-morning trading, after it posted figures showing its membership fell 16 per cent to 16,076, in the six months to the end of March, down from 19,239 during the same period a year ago, while the number of estate agents signed with its website fell 23 per cent to 12,449, [...]