Are Rightmove/Zoopla about to go out of business??

[Streetrod]

Ok that is a bit of an inflammatory remark but here’s the thing.

The agencies have come together and set up their own listings web sight that does not charge them to list properties on it, you can find it here: www.onthemarket.com Apparently the agencies were getting feed up by the charges being laid down by the established sites. Their own site apparently will stipulate that you can only advertise with them if you agree to use only one other site so forcing customers away from the current sights. How do you think this will play out?

I actually like the layout of onthemarket a lot more than the others

[Streetrod]

I am no agent by the way, I was just wondering what you more learned folk thought of the idea. As others have said, is this not anti-competitive behaviour. And if it is what kind of responce can we expect from the established players? At the moment it can only be in the interest of agents to promote this new service surely