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.
We are running a series of articles on Propertyfinder.com on the property portal industry website called http://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.