eBay enter the Property Market

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eBay enter the Property Market

Postby Nick » Sun Apr 19, 2009 10:59 am

Ebay.co.uk sees working with Estate Agents to market their properties on the internet as one of it's biggest expansion opportunities, and has has been testing a new section over the last few weeks and plans to promote it more publicly later in the year - a property search facility with 140,000 - 170,000 properties listed from the UK and overseas.

Agents, developers and private individuals can list property in two ways: either by selecting the classified advertising option and choosing a fixed property price or by selecting the auction facility and encouraging users to bid. Successful bidders are not contractually obliged to buy. Both options cost £35 per property. Auctioned properties stay on the site for a maximum of 10 days while classified listings last for 28 days. The bulk of the properties on Ebay.co.uk come from partner sites, most notably the portal PropertyIndex.com under a revenue share arrangement.

The property search is currently hidden away in the Homes & Garden section and not linked to from the main navigation like it is on Ebay.ie which has an exclusive agreement with and white labels the search technology from Irish market leader, Daft.ie but most likely this will change on eBay UK when the launch is annnounced.

Further Reading:
Estate Agent Today
Global Edge
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