The Guild of Property Professionals has released a report this week indicating that online agencies now have a 7.5% share of the overall market.
In some areas the % share was even higher. In York and The Cumber, the report says that online agencies have a 12% share. It also indicates that online agencies have a 10% market share in both the East and West Midlands.
Speaking on the higher market share areas, the Guild’s CEO Iain McKenzie said:
“My personal interpretation is that the ‘bulge’ of market share in the Midlands and parts of the North of England is down to one online agent offering a ‘free to sell’ service,”