The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
buyers may like it for more info than rightmove, granted. But why then is there an 8 to 1 ratio of enquiries for property in favour of rightmove over Zoopla outside London? Zooplas' plan was initially to market the clackers of it in London(job well done) and then expand from there, but onthemarket has halted/massively reduced any expansion elsewhere. £24m drop in revenue? But of course, the market revolves around London does'n't it? Buyers will go where the properties are and there are thousands and thousand less on Zoopla now. Zoopla might get clicks for research after they have found a property on rightmove or onthemarket but the lack of buying and instruction leads from Zoopla will drive more and more agents away. Also, If the presence of onthemarket drives down the subscriptions costs then we have all won. As for disgruntled, leave it out. As for black boards, I have moved on. Apart from sophisticated matching software I love my old index card system full of proceedable buyers, and potential vendors, right in front of me, who are called regularly rather than wait for them to stumble over a chalk board. I do not know the ratio of private investors to institutional investors, but genuine good luck to all PI's.
Interesting and slightly shocking. I've raised the question with someone in the know so will report back.
You sound like a lazy disgruntled agent, and probably are. You state ' Zoopla is too buyer friendly, it allows buyers to know , how long a property has been on the market'. Who exactly do you think the biggest market for property portals are? Just a thought...but maybe it is for people looking to BUY property. Zoopla gives far more information to buyers than Rightmove...that is a good thing for buyers and they like this...this attracts them to Zoopla. I have heard it said a number of times that people look for property on Rightmove but look for information on Zoopla. Good. I am an agent in a city in the south west. The second highest viewers on our website are Londoners. I log every enquiry and can say that 85% of Londoners enquiring about property are doing so through Zoopla and Primelocation. In our city 8 out of 80+ agents chose On The Market and all dropped Zoopla and we are now benefiting from this. I think it is great that Zoopla gives the buyer all the information they need to make a purchase as that is what they want. They want to meet the agent selling and get one over on him with all their data etc...it is then our job to know more than they do and make them see differently and realise the potential in the property and coax that offer out of them. To be honest I sell just as much property off of a blackboard out the front of my office, on Facebook and Twitter as I do on portals. I hear agents whinging about Zoopla leads being crap and the back end being useless but the majority of these agents don't even know their login for ZooplaPro. Every property appraisal I go on is backed up by a Zoopla Comparables Report which is also backed up by a Rightmove 'Best Price Guide' report. I say 'backed up' as the Zoopla report is far more visually attractive. As for leads from portals...if you are relying on them then you need to get back to basics, learn some marketing skills and stop relying on the portals/internet for leads and sales. Rant over.
RNS today, what is this 23,770 new shares, who allowed this, how many other Estate Agents have the right to shares????? Zoopla Property Group Plc (the "Company") Issue of 23,770 ordinary shares to Andrews Estate Agents Limited The Company announces that application has been made to the UK Listing Authority and the London Stock Exchange for a listing of 23,770 new ordinary shares of £0.001 each (the "Shares") in the Company. It is anticipated that admission to trading on the main market for listed securities of the London Stock Exchange and to listing on the premium listing segment of the Official List maintained by the Financial Conduct Authority will take place on 26 February 2015. The Shares will rank pari passu with the existing ordinary shares of the Company. The Shares were issued and allotted to Andrews Estate Agents Limited on 20 February 2015 for the purposes of satisfying an exercise of member share warrants held by Andrews Estate Agents Limited.
Hi Faulkner. I would not put too much faith in the market makers registration of buys and sells, they have their own agenda. Buys and sells should be recorded on the average of ask and bid and who is the aggressor in the transaction. Different platforms show buys as sells and sells as buys, It does not really matter for the likes of Private investors who know after the big boys know. I would just direct you to the fact that rightmove and zoopla have lost 5000 subscriptions at, on average, £250 per month (for Zoopla). That is a loss of (given 90% of agents have no faith in zoopla) £15 million pounds per annum. I have been conservative in choosing £250 per month average because most that are on this new project were the ones that had to pay £400.00 per month because they are smaller or more independent. If you take the loss of the these guys is to zoopla it is more more likely to be £27m per annum. Zoopla are left with the pre-negotiated long term corporate contracts only paying around £110 per month. You have to agree that the onthemarket.com website is so much more user friendly than the awkward zoopla site.
Why is price holding up so well when at 3pm it showed above
Zoopla is writing to every vendor not advertising with them and stating that "your agent is not on Zoopla" This is creating calls from the recipients to the estate agents who are furious about it because of the approach and they are promising to never return to them after that panic tactic. Also, Zoopla is too buyer friendly, it allows buyers to know , how long a property has been on the market and its useless value comparison algorithm is creating lower offers. Every agent knows this is bad info for a buyer and hence they have dropped them 3 reasons. 1) the leads per property were/are so poor per pound spent compared to rightmove 2) In the interest of their clients, the "carp" algorithym and data is detrimental. 3) When On the market takes the number 2 slot, rightmove will be the next target. I have the ability to do very extensive research on this and there are no defectors,. Hours of research tells me that. And to boot... Many page visits recorded on rightmove are from Estate Agents who use the well established "back office functions" As Onthemarket matures, there will be no need for Thousand of agents to visit thousands of rightmove pages every day. Zoopla are recording subscriptions from agents who are no longer advertising with them because they are tied in for a few more months. Do not underestimate the power of Estate agents will and The fact that all subscribing agent have removed all icons relating to zoopla and rightmove. This must be worth millions of advertising space which has now been replaced by onthemarket icons. This project by Estate Agents will provide organic growth which is so much more powerful than advertising spikes. The fundamentals of onthemarket are correct. Back in 2001 when rightmove started its meteoric rise, it was based on the likes of me promoting it. look were it is now.
Also as a Director of a small estate agents - I am 100% in agreement with wheretonext. On The Market is up and running and here to stay. The major independent agents throughout the country are backing it and promoting it. It is to be the new Portal run by and for the agents - it has an unstoppable momentum. Zoopla will slowly but surely die a painful death - Sell
as a director of a small estate agents...i have noticed that locally very few agents opted for OTM. In fact in my town only one agent opted for OTM. If your looking for property then you want a sight that has all the local property stock. OTM locally in my town has 9 properties, why would you return to a sight with one agent and 9 properties. I feel OTM will fail and agents will return to both Zoopla & rightmove.
OTM a mutual and not listed on Stock Market so we're not backing a share price if stock floatation, members that dumped Zoopla are in for the long term, I have committed my company for 5 Years. 90% of those members that joined OnTheMarket.com dumped Zoopla. Trust me.... Zoopla is a dead portal walking.... there will be no return. OTM members chose Rightmove as their 2nd Portal.... it's clear that Zoopla is no longer required in the UK Estate Agency Market.....OTM has already proved that in less than a month! Remind me, Zoopla floated at 1.2 billion?..... dropped to under £800,000?...... they have fallen over the edge and Rightmove have left Zoopla for dead. The future battle will be Rightmove/OnTheMarket.... don't underestimate the strength of UK Estate Agents shifting their stock to their chosen portal.... Zoopla dismissed the threat and have been delivered a hammer blow!......Rightmove was the smart player as they kept silent and watched Zoopla drowning! Hold?.... to lose more money?!.... cash in and move on..... the figures don't lie..... unless Zoopla are spinning to keep themselves right side up? Zoopla, Hoopla, already lost.... back a loser if you wish.
OTM will fall aside within a year. Zoopla far to strong to fall away. Seems you are trying to build up OTM in the hope you do not look stupid when you have to return to zoopla.
You must be joking or at least Zoopla must be?.... when asked to confirm which companies had returned Zoopla's response was desperately silent! Approaching 5000 Estate Agency Branches that have dumped Zoopla and that number continues to grow as agents Termination Notices expire with Zoopla and those members leave. The lesson for Zoopla was settling for No2 position against Rightmove which was complete folly. The only thing keeping them alive was statistical spin and UK Estate Agency member income.... and as we now see that member door is firmly open and members, like cinemagoers, have seen the film and decided it's not worth watching so they are leaving in their droves. Out of circa 4700 Branches that have left Rightmove and Zoopla..... 90% have dumped Zoopla!.... no more to add other than cash in your chips!
I can only assume that those backing Zoopla here must have bought Zoopla shares and are trying to stem their losses? I even saw one Zoopla investor with a recorded 1 Share Sale!...... the Zoopla writing is indeed on the wall when someone cashes in 1 Share!
Looking at falling Zoopla members, therefore falling content/properties which the public can already recognise.....versus Rightmove who have managed to limit their member losses so far therefore the public know they have the widest stock. Zoopla millions have failed to secure No1 spot and this failure will now result in their demise as Rightmove smartly played to retain the No1 portal position. My observations are actual as I am one of many UK Estate Agents who have dumped Zoopla as they are a lame duck in the portal market. Zoopla are already recognised as redundant and the property portal battle will be Rightmove versus OnTheMarket, not short term however mid/long term the property portal market will undergo a seismic shift with Zoopla cast adrift and Rightmove needing to prove their value to their members who ultimately supply the stock/inventory which they advertise. The Rightmove annual membership hikes are driving nails into their portal coffin however there are profits to be had from Rightmove for now. Zoopla are on life support and no one can save them.
Zoopla quote... that membership had fallen 11% by the end of January, down to 16,967. That's only the beginning if their revenue woes in my opinion And from the newly arrived OnTheMarket who have exploded onto the Portal scene with solid/growing UK Estate Agency support, in only 3 weeks they have taken nearer 25% if Zoopla's members/income.... behind the scenes panic at Zoopla on how to stem future loss of estate agency members and their income. No doubt Rightmove have played smart and stayed out of this battle, rising share price their as they enjoy the demise of OnTheMarket boss Ian Springett has countered claims made in yesterday’s trading statement by Zoopla that OTM would be a “short-term” event. Springett said that the phrase demonstrated “just how out of touch Zoopla is with the commitment of our member agents to create a superior market-leading, mutually run property portal”. The new figures he quoted also reveal a rise of 100 agency offices subscribing to OTM since its launch at the end of January – now 4,700 branches, up from 4,600. Springett said: “Zoopla reports an 11% reduction in the number of estate agent branches listing their properties from this time last year. “However, we believe a more relevant period is from September to date which was when most of our member agents had to choose which portal to retain and which one to drop.” Yesterday, analyst William Packer from Exane BNP Paribas suggested Zoopla’s estate agency figures had fallen “a significant 21%” since September, including 500 branches which have submitted notice but are not yet removed from Zoopla Property Group. Springett said this represents a “genuine sea-change” in the property portals market. Springett said: “It was and continues to be the choice of our member agents to decide from which portal to remove their listings. “Of our 4,700 contracted offices, around 90% have chosen to reject Zoopla.
MY, another great post, well found. Just need a bit of volume, I noticed the spread between Buy and Sell is well down today, shows it's more liquid
Zoopla Property Group Plc (ZPLA.L) Announced, in its trading statement based on performance of the business between 1 October 2014 and 31 January 2015, that the group has grown its reach and audience significantly, resulting in record levels of consumer traffic to its websites and mobile apps, with 42.3 million average monthly visits during the Period, an increase of 14% compared with the same period last year and with a record total of 50.5 million visits during January. Mobile devices now account for over 60% of the monthly visits and are up 42% compared with the same period last year, as consumers continue to use the group's services to search and research the property market at work, home and on the move. The company further stated that the group is trading in line with management expectations and is well positioned for long-term growth.
Uber, great post. Just what I wanted to read. Pity the volume of Zoop is so low, to get back above 200p it needs some volume buying
http://www.propertyindustryeye.com/zoopla-claims-otm-defectors-returning/ “As latest independent data shows ZPG audience around 100x that of OTM The latest data from independent web monitoring firm Hitwise shows that over the first two weeks since the launch of OnTheMarket (OTM) it has attracted a total of 194,000 visits (an average of 14,000 per day) versus 18.8 million visits for Zoopla Property Group (ZPG) over the same period. The Hitwise data reveals that ZPG’s daily audience has averaged 97 times that of OTM over the two week launch period and that OTM’s market share of all UK property website visits during this period stands at just 0.22% in comparison to ZPG’s market share at 22%. This data implies that at current levels an OTM agent would get the same level of exposure and enquiries in 3 months that an agent on ZPG would get in a single day. Assuming similar visit to enquiry conversion rates for OTM as Zoopla and Rightmove, estimated enquiries generated by OTM over its first 2 weeks would be less than 10,000 (2 per branch) versus almost 1 million for ZPG (or 57 per branch) giving an implied cost per lead of over £65 for OTM and under £3 for ZPG respectively, based on publicly available average rate information. And Zoopla Property Group has confirmed that it has already re-signed a number of agents who had previously cancelled to join Agents’ Mutual as they have quickly realised the damage to their business and reputation of the restrictive ‘only one-other portal’ rule and not being visible to the significant audience offered by all the major portals.
News last night that mortgage wars have pushed the % rate on new mortgages and re=mortgages to lowest rate ever offered Add in the very high number of mortgage approvals in Jan and the spring bounce to come All good for hosing turnover and hence Zoop SP
JS, I hope it's true, where did you see quote?
Zoopla claims OTM defectors are returning
Gear up for Spring time.
WELL, THIS REALLY HAS GOT LEGS, 200P HERE WE COME
Imagine you are an Estate Agent paying fees to Rightmove and Zoopla, Rightmove's profit margin 69.3%, Zoopla's margin 35.7%. Add to that the fact that Rightmove actively encourage online estate agents, who directly attack traditional agents business model. Agents Mutual offers traditonal estate agents the opportunity to take back those ridiculously high margins, in the way of reduced portal marketing spend. Whilst also preventing "online agents" from using the site. It is an absolute no brainer, agents will switch to Agents Mutual it is just a matter of time. Some of the big players like LSL and Countrywide have long contracts with Rightmove/Zoopla once they expire the "duopoly" will be broken. In regard to marketing of OnTheMarket.com next week sees the start of one of the biggest TV marketing campaigns seen in this sector. This three day market rise is a sigh of relief that will be very short lived, get out now while you can!