easyroommate.com's newest partner is london2let.com - a new niche property portal that went live in June. The companies explain that london2let.com will now advertise all flatshare London properties that easyroommate.com has on offer. As a result, london2let.com says it now lists a total of 13,500 flatshares, houses and flats to rent in London. "An increasing number of London letting agents are signing up to london2let.com's very generous 12 month introductory period, with new agents joining daily," the portal states. Its agent directory now lists 319 agents, up from 105 in June. The past few months have been busy for easyroommate.com, which reshuffled
In early June this year, OnTheHouse.com.au (ASX:OTH) listed on the Australian stock exchange at a price of AU$1 per share, valuing the company at over AU$80m. Today that AU$1 is worth only 36c, valuing the company at just AU$29m. So does this dramatic drop in value mean the business is a great buy or is the share price on the way to even lower values? In June the company raised AU$55m on a valuation of around AU$25m. Underpinning the AU$25m valuation was the OnTheHouse.com.au business. This is a small, not so well known property portal in the Australian market. A
zillow.com now offers a Windows Phone 7 app in its suite of mobile options, which also includes real estate search apps for iPhone, iPad, Android, and BlackBerry. zillow.com is currently maintaining third position on the Hitwise list of US real estate websites, and says that last month, it was accessed 11.9 million times on a mobile device, up from 8.8 million times in May. "That means, last month, 28 homes were viewed on a mobile device every second!" zillow.com claims. "The Windows Phone 7 (WP7) app utilises the much loved built-in GPS technology and high-resolution map view featured on our
Each week, we take a look at the top stories in real estate technology from the past seven days. Here are the latest stories from around the world: thebigpropertylist.co.uk, which was recently named the ninth most influential Twitter user in the UK property industry, has just unveiled its new property jobs board. "Although we didn't set out to enter the recruitment sector, this is a very natural progression for us and a value-add for those of our users in the property industry," the portal states. thebigpropertylist.co.uk says it plans to use Facebook, LinkedIn and Twitter to promote these job opportunities
zillow.com has been described as overvalued by some, as the company reached an almost US$1 billion valuation before reporting any profits. But with zillow.com's Q2 results, its investors should have something to smile about. zillow.com has reported net income of $1.6 million for Q2, marking its first quarter of GAAP profitability and the company's fourth consecutive profitable quarter on an Adjusted EBITDA basis. Revenues were also up 116 percent year-on-year to a record total of $15.8 million. Marketplace revenues increased 269 percent to $9.7 million, and display revenues increased 30 percent to $6.1 million. zillow.com had more good news to report in terms of
iProperty Group, the operator of a network of property portals across Southeast Asia, has reported AUD$5.2 million in revenue for the first half of 2011 - a year-on-year increase of 80 percent. On a local currency basis, iProperty's Malaysian business reported 114 percent revenue growth to MYR 9.82 million. In Singapore, revenue was up 79 percent to SGD 1.97 million, and in Hong Kong, revenue grew 42 percent to HKD 4.56 million. In Malaysia, iProperty Group increased paying agents by 58 percent to 6,828, while property listings grew 71 percent to 171,000 and unique visitors grew 108 percent to 892,894.
The iProperty Group (ASX:IPP) has today released its half-year results. The good news for the company is that revenues are up 80% year on year to AU$5.2m for the first half of 2011. The other good news is that the loss improved from AU$1.5m in the first half of 2010 to AU$1.1m in first half 2011. So what is behind these strong results? As Chairman of the iProperty Group, I thought it would be good to give you my perspective on how the business is travelling and where it is heading. Our Malaysian business is firing on all twelve cylinders.
Digital Property Group has just signed estate agency branch number 12,000, increasing its total by 1,951 since the start of the year. DPG says this means it is 19 percent short of rightmove.co.uk's total, which was up two percent since the start of 2011 to 18,480 offices and developments, according to its latest results. DPG puts the increase in customers down to two appointments: Greg Bryce as UK and International Sales Director and former Rightmove Sales Manager Neil Comper as National Sales Manager. "Since January they’ve been prodigiously supported by a sales team that’s grown in size by 40 percent," DPG
zoopla.co.uk has today announced the appointment of Jon Notley to the role of commercial director. Reporting directly to founder and CEO, Alex Chesterman, Notley’s responsibilities include overall sales as well as overseeing all revenue streams at zoopla.co.uk. "We are delighted to welcome Jon to the senior management team at zoopla.co.uk,” says Chestermen. “His experience, background and knowledge of the industry and players will ensure that we continue to grow and serve our members well.” Notley most recently worked as group sales director at the Digital Property Group. Prior to that he was sales director at findaproperty.com and, in his earlier
Shares of US property management software company RealPage dropped 14 percent yesterday after the company announced its acquisition of mynewplace.com, the 11th largest real estate website in the US. The acquisition will cost RealPage US$63.6 million in cash and approximately $10.8 million in shares of its common stock. The deal is expected to close today, and follows on from RealPage's acquisition of seniorliving.net for $4.5 million at the end of July. While the market may have doubts about this latest acquisition, RealPage argues that bringing mynewplace.com and seniorliving.net into its portfolio increases the total market for its software-as-a-service (SaaS) products