eMoov.co.uk receives £1.5m financing to continue it’s growth.

January 20, 2015

Leading estate agency disruptor eMoov.co.uk has received a significant boost, securing a £1.5m financing that they will be investing to improve customer experience. The online estate agency concept eMoov has experienced strong growth this year and, with a customer satisfaction rate of 98%, the online estate agency has gone on to sell over 3,500 properties, offering home owners an approximate saving of over £11.5 million in fees.saving home sellers an estimated £11.5m in estate agency fees.

“Challenging the traditional high street estate agency model, eMoov combines a team of experienced sales negotiators with an alternative outlet for selling properties that includes access to all the major property listing websites. Fees start at just £495, representing a saving of over £3,500 for the average UK property vendor.

“We’ve taken the lead position in the online estate agents market – which has doubled its market share every year since 2010,” comments Russell Quirk, CEO. “This capital injection will fund the completion of our new customer platform as well as enable us to expand our marketing efforts.”

The will sure be a shake up in the UK property industry, especially with the entrance of OnTheMarket on the portal scene. Investments are pouring in for tech / online companies, especially with options such as Crowd Funding. Venture capital investors are always on the look out for online businesses with a good growth potential and it appears that eMoov has caught the attention!

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Estate Agent Talk

Closing the gap on client relationships and recommendations

New research from iamproperty has highlighted the growing disconnect between what buyers and sellers want from their agent and what they experience, which could be killing recommendations from happy clients. iamproperty’s quarterly consumer survey revealed that only a third of respondents (32%)¹ would recommend their agent following their experience. With many agents relying on recommendations…
Read More →
Estate Agent Talk

Northern Ireland to expect over 25,000 new home movers

Belfast-based estate agency John Minnis has revealed that Northern Ireland is to welcome an estimated 25,000- 30,000 new arrivals from the UK and Europe over the next five years, as migration to the region reaches its highest levels in more than a decade. Recent figures show that 11,700 people relocated from other parts of the…
Read More →
Breaking News

Red tape and rising costs stifling new-build availability across the capital

The latest analysis from London estate agent, Benham and Reeves, has revealed how protracted building timelines are preventing the capital’s housebuilders from delivering the level of new-build housing stock required to meet demand, with new homes currently accounting for just 7.5% of all properties listed for sale across London. Benham and Reeves analysed the latest…
Read More →
Estate Agent Talk

UK’s new wave of ‘second cities’ offers strongest yield growth for property investors

The latest research from West One Loans has found that whilst investors may continue to favour the nation’s key cities such as London, Birmingham, and Manchester, a new wave of ‘second cities’ is delivering the strongest growth in rental yields. These emerging markets are offering investors the chance to achieve attractive returns, driven by rising…
Read More →
Estate Agent Talk

Decline in change of use further constricting housing supply

Jonathan Samuels, CEO of Octane Capital, believes that a decline in conversion projects could ultimately prevent the Government from hitting its ambitious housing delivery targets, as the firm’s latest analysis has revealed that the number of homes created through change of use has fallen sharply in the last five years. Octane Capital analysed official Government…
Read More →
Rightmove logo
Breaking News

Annual price fall driven by south, which could be harder hit by rumoured property taxes

The average price of property coming to the market for sale rises by 0.4% (+£1,517) this month to £370,257. However, average new seller asking prices are now 0.1% below this time last year following several months of muted price growth The dip in annual prices is driven by London and the south, as the south…
Read More →