Our guys in the Research Team have some interesting news to report.
On Monday March 23, FindaProperty.com attracted 174,014 unique visitors. This is the highest daily level we have seen since daily tracking records began in mid-2006.
How do we explain this?
It’s partly down to the fact that in the week preceding March 23 we had two big events: the launch of our McDonalds Best Chance Monopoly promotion (win 2 x £300k to buy a home) and our partnering of Google to launch Street View UK.
But our research team also say the rise in visitor numbers is evidence of a pick-up in market activity: since the start of 2009, the number of visitors to FindaProperty.com has been 8.6 per cent higher than the same period in 2008.
In March, unique visitors to FindaProperty.com were up 6.7 per cent month-on-month and 8.6 per cent year-on-year.
Is the market enjoying a spring revival? We’d love to hear what’s happening in your neighbourhood.
We wrote about this subject on FindaProperty.com ealier in the week.
Here’s a helpful video about the changes, which took effect on April 1.
Thanks to Ciara over at Royals of Rent for alerting us to this YouTube source.
1. Thisismoney Message Boards:“Sanity returns – but at what cost?” wonders greybaby. I’ve often asked myself the same question, baby. Lively discussion of homes, mortgages and house prices from the best personal finance website in the business.
2. Zoopla AskMe: Not just shameless self promotion (OK, maybe a little). Ask questions and get answers from some of the most active agents and property experts online.
3. 4homes: Need to share your passion for Kirstie, your devotion to Phil? This is the place to do it. Lots of practical discussion, too, about buying, selling, DIY, design. And, quite recently: MOLES!
5. LandlordZone: Active forum that gets down to the nitty gritty: deposits, evictions, sub-letting, inventories … and whether a dehumidifier is tax deductible. Well? Is it?
6. FT Discussions: High octane discussion of editorially posted questions. The place to be if, like Ides_of_March, you can say this sort of stuff: “I think the rental situation is too far removed from the fundamentals of the K cycle to gain much of an insight.” Me too, Ides, me too.
7. Swarb Law Forum: Informative legal forum addressing landlord/tenant issues. “What about the duty to mitigate you keep banging on about?” Hairyloon asks Faithless … yeah, Faithless, what about that then?
8. Moneysavingexpert Forum: Very active forum with lots of chat about property. Searched in vain for “the drinks are on me” thread.
9. HomeQ: Property questions and answers (Q&A) in a lively community. Free to register and a simple and intuitive site experience.
10. DIYnot Forum: Ok, look, there’s a bank holiday weekend looming. Get advice first and take warning from their disasters thread: “Gas Pipe ARGGGHHHH!”. I_am_fubar reveals that “looking into how to plumb has caused me to have some rather odd nightmares about waking up and my walls have all washed away.” Don’t say you weren’t warned!
Have we missed any? If so, send us your recommendations.
Welcome to the Zoopla! blog
We’re delighted to be adding another channel for communicating with our customers – consumers, agents and all others with an interest in Zoopla! – as we continue to expand and innovate within the property market. In 2008 we focused on getting the business up and running, growing our team and developing the product. In a short period of time we:
- offered users FREE access to instant value estimates and sold house prices
- let buyers show interest in any UK home and owners test interest through TemptMe!
- created an environment where anyone can ask/answer questions about homes
- saw our user base grow significantly to over a million visits per month
- received over a million data contributions to our website from users
- won the First Tuesday award for the UK’s Most Promising Internet Company
- won the Web User magazine gold award for Best UK Property Website
We now list tens of millions of data points relating to home characteristics and property sales across the UK allowing our algorithm to estimate the current value of any UK home with impressive accuracy, especially during a uniquely turbulent market. Customer feedback has also been overwhelmingly positive so thank you to all who provided it.
So far in 2009 we’ve already enjoyed some exciting highlights. We have:
- raised £3.75m in venture capital to continue to develop our service
- added a further 5 million Land Registry sold house prices stretching back to 1995
- launched hundreds of thousands of listings of properties for sale and to rent
- helped users find local agents to assist them in the transaction process
- grown our audience to become the 5th most visited UK property portal
So what can you expect from this blog? From time to time we’ll update readers on new site features as they’re launched, draw your attention to interesting trends and statistics within the site, offer thoughts on issues pertinent to the UK property market and give you the inside track on developments within the business. So whether you prefer to stay in touch by registering for our monthly newsletter, following us on Twitter or keeping an eye on our blog, we hope that you continue to enjoy Zoopla!’s unique approach to online property.
Finally, if you have any feedback for us or ideas for how we could improve our service, please don’t hesitate to let us know.
This week’s graph is from the FindaProperty.com Rental Index for March.
The solid line shows the monthly change in rental values while the red dotted line shows the monthly change averaged over three months.
What’s interesting about this is the gradual slowdown in the pace of price falls, a trend matched by the slowdown in the amount of stock coming onto the market.
Both trends suggest that the rental market may be close to the bottom of the current cycle – it’s too early to call it yet, but it certainly interesting, and not without significance for the sales market.
Go to this page to read the full FindaProperty.com Rental Index for March.
What’s happening to rents in your area? Let us know using the Comment link below.