UK Agents Looking for Price Cuts | Property Portal Watch
The results of an industry survey by UK property website homesalone.co.uk suggest that the majority of agents believe portals should be doing more to help them given the current market climate.
The survey covered 264 estate agents and 75 solicitors and conveyancers, and found that 34 percent of respondents received the most business enquiries as a result of their portal advertising. 53 percent did not believe that advertising in their local press was good value for money, with one agent stating that newspaper advertising brings in “virtually no results at all.”
Opinion on market-dominating property portal rightmove.co.uk was divided, with 33 percent of respondents saying they could not run their business without the portal, and 36 percent believing they could. 11 percent said they were already operating their business without rightmove.co.uk.
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