Online estate agents have once more failed to substantially increase their share of the housing market, latest figures from house selling consultancy The Advisory reveal.Its analysis of Rightmove listings data for the final two weeks of January show that online and hybrid estate agents listed 4.8% of the 90,933 properties uploaded to the portal, up marginally from 4.58% a year ago.Purplebricks continues to dominate, listing 3.12% of the entire market or some 65% of the online and hybrid sector’s output.Despite this, investors appear to be tiring of the company’s inability to increase its overall market share. Its share price rallied to £1.30p following the General Election but has since slumped back down to its pre-election price of £1.07p.Online agentGavin Brazg, founder of The Advisory, claims his figures show the online estate agent sector’s market share has stood still compared to a year ago and that Purplebricks CEO, who last month restated his belief to investors that Purplebricks can achieve a 10% market share, has a very big hill to climb.The Advisory’s figures show that almost all online and hybrid estate agency’s saw their listings stand still year-on-year include Yopa and Purplebricks while HouseSimple, which has been heavily promoting its ‘free to list’ proposition in Nottingham, saw its listings three by nearly 100 properties year-on-year.The report also reveals that the huge increases in activity reported by many agents including Knight Frank yesterday within its prime central London market analysis are failing to work through into the wider market.The number of properties for sale on Rightmove is currently down 9,000 on the same two-week period in 2019 to 90,933 properties.HouseSimple Purplebricks YOPA February 4, 2020Nigel LewisOne commentAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 5th February 2020 at 7:18 amWith Brexit done, or at least a first stage decision made and carried through, January 2020 was destined to be a productive one. Agents started the year with a slightly higher pipeline of properties to sell due to a slow last sales quarter of 2019. Plus, some encouraged by more political certainty decided to list and sell.As we enter February the well priced and sought after addresses have gone under offer, and the uncomfortable reality is now setting in that stock levels to sell are moribund, and much property still sits on the market at too high a price.With the need to take fresh properties to market it is likely new instructions may in some areas have optimistic pricing attached to them. Which will not help matters. The underlying factors of 2019 still remain to a degree, house price inflation has factored many out of the market.Help to buy will in the first quarter of 2020 scoop up a large margin of the first time buyers and volumes of new homes will go under offer, rather than properties which traditionally fed the lower parts of chains of transactions.Regarding the fortunes of the online agents, with no online agent making a profit, and share prices of those listed in retrograde mode, 2020 may well see further exits from this marketplace.Whilst Purplebricks may have listed over 60,000 properties last year, its actual offering regarding service levels is debatable, and it is still burning through capital to continue trading. As they say you can only buy the market for so long.The final scenario may be that Axel Springer will take the firm private, adjust the model and service the low end, cheap fee, do it mostly yourself model, for which there is maybe a 5% to 7% client base.The true picture of the market will appear by month five, and with a cabinet reshuffle, and possible stamp duty changes, these factors may slow the market a little as cautious buyers wait to see if stamp duty will be removed in some price bands, or become the preserve of the seller, or if no change will be made at all.All of this will add pressure to agents to cut costs and be more efficient, and it will be apparent that proptech is to an extent a solution, alongside well trained and motivated sales teams. In the medium term, although there is the initial financial outlay, growth and sustainability of businesses will depend on how far along the road of digital transformation business owners are willing to travel.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Hybrid and online share of the market stands still, including Purplebricks previous nextHousing MarketHybrid and online share of the market stands still, including PurplebricksLatest listings analysis using Rightmove data reveals hybrid and online estate agents have yet to break the 5% market share barrier.Nigel Lewis4th February 20201 Comment1,233 Views
(Visited 533 times, 1 visits today)FacebookTwitterPinterestSave分享0 At higher magnifications, the cell’s nano machines become even more spectacular.[Note: CEH is taking a break this week. These news items are presented for those who wish to follow up on them.]Energy powerhouses of cells come into focus (Science Magazine).Elastic coupling power stroke mechanism of the F1-ATPase molecular motor (PNAS).Structure, mechanism, and regulation of the chloroplast ATP synthase (Science Magazine).High-resolution cryo-EM analysis of the yeast ATP synthase in a lipid membrane (Science Magazine).Efficient coding explains the universal law of generalization in human perception (Science Magazine).Ion-triggered selectivity in bacterial sodium channels (PNAS).Laterally confined growth of cells induces nuclear reprogramming in the absence of exogenous biochemical factors (PNAS).Stomata—the plant pores that give us life—arise thanks to a gene called MUTE (Phys.org).Physics of lumen growth (PNAS). “The development of intercellular cavities (lumens) is a ubiquitous mechanism to form complex tissue structures in organisms.”Fractal-like hierarchical organization of bone begins at the nanoscale (Science Magazine). “The components of bone assemble hierarchically to provide stiffness and toughness.”We hope to return to our regular reporting shortly. Thank you for your patience. read more
Tags:#news#NYT#web Twitter just announced a major new feature soon to launch: the ability to create sharable lists of users around topics of interest. This will tackle several problems with one feature: the ability to discover diverse high-quality users quickly and easily and the undue power Twitter HQ has had as the only curator of lists on the site so far. Curation of dynamic topical expert sources is an act of poetry. Just like Twitter has caught on faster than RSS, Twitter Lists will probably catch on a lot faster than OPML has. If you’ve seen the new service TweepML then you’ve got the idea. This is going to be a very big deal.“For example,” Nick Kallen writes on the company blog, “you could create a list of the funniest Twitter accounts of all time, athletes, local businesses, friends, or any compilation that makes sense.”Twitter says that the lists won’t just live on the site, either; there will also be a Lists API available to outside developers. That could mean that clients like Tweetdeck, Tweetie and Seesmic will no longer have any excuse to keep your group lists locked-in. There is some question whether having Twitter control this technology, instead of an outside, standards-based body like TweepML is trying to be, is going to be a good thing. We’ll have to see how they implement the feature and the API.The possibilities here are endless, hopefully we won’t have to wait too long for this feature to go live. Speaking of TweepML, you can follow all the writers of ReadWriteWeb via this link. marshall kirkpatrick A Web Developer’s New Best Friend is the AI Wai… Related Posts 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… read more
LEAVE A REPLY Cancel replyLog in to leave a comment Facebook Advertisement Login/Register With: Rumours have circulated for more than a year that there’s more than theatrics behind the steamy duets between Rihanna and Drake. And things got ratcheted up a notch the weekend of the MTV Video Music Awards when Drizzy went above and beyond — as he would — by placing a billboard ad on behalf of himself and OVO placed high in Los Angeles congratulating Rihanna on her Michael Jackson Video Vanguard Award (which has previously been awarded to Kanye West, Justin Timberlake, Britney Spears and David Bowie).Rihanna certainly seemed to approve when she shared it herself on Instagram, but if there were ever a clear friendzoning, it happened on the MTV stage Sunday night, for the entire world to see. Advertisement Twitter read more
APTN National NewsFor Canadian recording artists, it’s the biggest night of the year.The 2015 Juno Awards wrapped up in Hamilton this past weekend.APTN’s Jaydon Flett has more on the Aboriginal nominees.
The GOP-led Senate Appropriation Committee passed a $4.59 billion in emergency funding bill Wednesday to address the surge of Central American migrants arriving at the southern border, Roll Call reported.The supplemental legislation would provide emergency funding for border activities to DOD, Health and Human Services, Homeland Security, and the Justice Department, according to the report.The measure would provide border emergency funding below President Donald Trump’s request, but leaders of both parties said it also does not include contentious provisions that could derail passage.The bill includes additional humanitarian aid Democrats sought, but also would continue to provide funding for border detention activities and a continued military presence. It includes $145 million for the DOD to perform medical, surveillance and maintenance activities at the border.“This package does not include everything I wanted; it does not include everything Vice Chairman Leahy wanted,” said Appropriations Committee Chairman Sen. Richard Shelby (R-Ala.). “But most importantly, it does not include poison pills from either party.”The bill does not provide funding for a border wall or additional detention beds, according to Politico. The Democrat-led House is moving its own bill for a vote as soon as Tuesday, but differences between the Capitol Hill versions make final passage uncertain, according to the report. Both chambers hope to get an emergency aid package to the president before July 4 recess.U.S Customs and Border Protection photo by Mani Albrecht ADC AUTHOR read more
Kinect to help the blind ‘see’ in augmented reality Explore further © 2010 PhysOrg.com This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: Pico projector used in eye based video gaming system (2011, May 3) retrieved 18 August 2019 from https://phys.org/news/2011-05-pico-projector-eye-based-video.html With the use of a Pico projector the students have created an eye-tracking camera which, when paired with a virtual reality gaming setup, allows the system to track the eye movement of the user, and translate that to actions in the game world. Basically, this creates an effect that is very similar to looking around in the real world. As the player moves their view from location to location, the view of the world changes. The system relies on no traditional controllers and connects to no sensors on the player at all. (PhysOrg.com) — Students at the University of Texas in Austen are playing video games. Honestly, that is really not news. Students all over the country are playing video games, usually when they should be studying. In this case however, they are not goofing off, they are creating some serious science, and perhaps the next generation of video game controllers. Ones that do not require users to have a controller in their hand. A similar system, called Kinect, is currently in use with the Xbox 360 video game system. The major difference is that the Kinect system uses a set of cameras to use the players whole body as a controller. This system, if implemented, would bring these types of systems to a new level.The students have been testing the system with both a flight simulation, and a first person shooter. In the flight simulation testing players were able to control both the pitch and the roll of the virtual aircraft by moving only their heads.The system currently features a small screen, but if future versions go commercial, the screen would be up sized. read more