All eyes on PropertyFinder.
REA Group, owners of PropertyFinder are apparently courting the idea of closing PropertyFinder.
On the back of this news, there are various reports which suggest a management buyout is being considered.
So what will happen? If a management buyout goes ahead we could see the first major portal to switch from a subscription based model to a performance based model. Indeed, why Zoopla have not snapped up PropertyFinder just to eradicate them from the picture is a little puzzling.
I see this as a huge opportunity for a new team at PropertyFinder and I hope they manage to get it together for the deadline, which appears to be the end of June. Bang goes their summer holiday!!
By the way, I would like to point out that rumours regarding the Property Owl Blog being sold for two million are exaggerated.
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4 comments:
We are running a series of articles on Propertyfinder.com on the property portal industry website called www.propertyportalwatch.com - why dont you log in an check it out
Great Job Guys :)
Thanks Simon, we receive your updates and are regular readers. Keep up the good work.
Lets home it all works out, as it's such a great site.
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