Real estate startup promises to be agent-focused

December 4, 2019
Share this Post: 

This new property portal is gearing up to launch in February next year and it's promising to be the "first agent led challenger portal in Europe that will be fully open and inclusive to everyone".

OpenBrix states its intention to “truly disrupt the market”, charging agents £100 per month per branch. It says it will be community led, and that its future pricing will be controlled by members.

Inviting agents who “wish to escape the clutches” of the big portals to “join the revolution”, it asks them to get in touch, saying they won’t be disappointed.

The new challenger is suggesting agents register their interest now, and has launched a strong attack on the “dictatorship” of the existing portals.

On a blog page, it says: 

“The UK property market has long since been dominated by the likes of Rightmove and Zoopla, with OnTheMarket joining in recent years. These big name brand portals have a firm grip on the industry from top to bottom, controlling the fees they charge agents and end users alike. In fact, the influence that these portals have on the property market in this country is such that agents are forced into using them.

“It becomes a case of pay up the extortionate fees to get eyes on your properties, or face a reality with no interested parties. This is a very dangerous position for agents, and the market in general to be in.

“After a while, it becomes a sort of dictatorship, with the big name portals able to demand whatever they want from those lower in the food chain."

Read more here

Join us February 26-27 for the Property Portal Watch Conference Bangkok 2020.

December 4, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Hemnet Vs Rea Group
Analysis: Hemnet Still Playing Catch-up to REA Group When It Comes to Vendor Paid Advertising

Vendor-paid markets are great for real estate portals. For more than a decade the leading Swedish player Hemnet has charged...

Read More
Ohmyhome Full Year Results Net Losses But Big Ambitions
OhMyHome 2023 Full-Year Results: Net Losses But Positive Outlook for Nasdaq-listed Marketplace

The Singapore-based publicly listed company OhMyHome has released its 2023 full-year financial results. Highlights include: Revenues totalled S$5.0 million (US$3.8...

Read More
Homely Financial Results
Australian Portal Homely Records 16% More Enquiries in 2023

Australian challenger portal Homely generated over 15.5 million enquiries in the 12 months from April 2023. Homely, which competes with...

Read More
Yandex Q1 Strong Performance From Divested Assets
Yandex Q1 2024: Net Losses for Remaining Assets After Large Scale Divestments

Yandex N.V., the Dutch holding company of the marketplace giant Yandex, has released its financial results for the first quarter...

Read More