New Free To List Portal Gets 800 Enquiries In 4 Weeks

New free to list property portal Residential People has secured 800 enquiries for its member agents in 4 weeks, it is reported.

The portal, on which agents and sellers can list for free only paying for optional marketing tools, says that it aims to generate 6,000 new property enquiries per month going forward and have 1.6m listings by the end of the year.

Users of the portal’s UK service include Belvoir, Lambert Smith Hampton, Avison Young and Open House.

Christopher May, Founder Director, says: “The support we have had from agents across the UK so far has been fantastic, and we are confident that we will be able to continue to create an attractive value proposition as we gradually scale-up our business to support more agencies from across the UK and beyond.

“In terms of value, our plus points are easy to see, we are a completely free to list portal and one that stays the same no matter how big or small an agent might be.”

The portals business has certainly shaken up the property sales and letting industry over the last few years. However, it has proved controversial amongst agents for the fees charged and subsequent impact on their overheads and margins. It will be interesting to see how a competitor which operates what is essentially a freemium model fares and what impact it might have on the market.

Source Property Industry Eye
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