Zoopla Property Group trading statement

February 26, 2016

Zoopla Property Group Plc  the digital media and lead generation platform that owns and operates some of the UK’s leading online consumer brands including Zoopla, uSwitch and PrimeLocation announced yesterday a trading update for the period 1 October 2015 to 31 January 2016, to read the trading statement in full click here

Highlights from the statement as follows:

 The Group has had a solid start to the financial year, attracting over 47 million average monthly visits to its websites and mobile apps during the Period and a record audience of over 58 million visits in January. In the Property Services division, the number of partners continued to grow with the Group adding 261 net new partners, taking the total number to 16,672 at the end of the Period. January marked the ninth consecutive month of growth in the number of UK Agency partners to 12,841 at the end of the Period.

 The Comparison Services division has enjoyed strong switching volumes across each of the Energy, Communications and Financial Services verticals and January saw near record levels of energy switches following the announcement by some suppliers of price reductions. The Group continued its mission of educating consumers about the value of price comparison with the launch of two new uSwitch national TV campaigns focused on energy and broadband switching.

 During the period, the Group made further progress of integrating its divisions and developing its products and Management look forward to the rollout of a number of new and innovative products during 2016.

 Alex Chesterman, Founder & CEO of Zoopla Property Group Plc said, “I am pleased with the Group’s solid start to the financial year. In Property Services we have now seen nine consecutive months of partner growth and experienced record levels of traffic in January. Comparison Services has performed particularly well as we continue to help consumers save money off their household bills. Our recently announced investments and strategic partnerships with some of the most-promising players in the PropTech space reaffirm our commitment to leading innovation and will serve to further strengthen our proposition.”

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

How Technology is Changing the Prime Property Viewing Experience

The world of luxury real estate has always been about delivering a premium, personal experience. But in today’s rapidly evolving digital landscape, even the most traditional sectors are being reshaped by technology—and prime property viewings are no exception. From augmented reality to AI-driven virtual tours, the way buyers interact with high-end properties has changed dramatically.…
Read More →
Love or Hate Rightmove
Breaking News

Average two-year fixed mortgage rate for 60% LTV now cheaper than five-year rate

The average two-year fixed mortgage rate for those with a 40% deposit (60% LTV) is now cheaper than the average five-year fixed equivalent, the first time this has happened since the mini-Budget The average two-year fixed, 60% LTV mortgage rate is now 4.18%, while the five-year equivalent is 4.19% The gap between average two-year fixed…
Read More →
Overseas Property

How UK Property Investors Can Manage Exchange Rate Risk When Buying Off-Plan Overseas

Off-plan purchases are especially common in developing overseas property markets with a high proportion of international investors. In these less mature markets, a significant share of stock is sold directly by developers, making off-plan transactions a natural sales model. These opportunities appeal to international buyers because they typically require less upfront cash due to extended…
Read More →
Breaking News

Foxtons Lettings Market Index – March 2025

London rental market gains momentum as new rental listings surge, Foxtons data shows   March saw a 14% increase in new rental listings across London compared to February Applicant registrations rose by 11% month-on-month in March. Year on year, demand was stable, tracking just 2% below March 2024 levels The average rent in March stood…
Read More →
Breaking News

UK’s mid-market firms show improved business growth in March but economic uncertainty continues

Key findings: NatWest’s Mid-market Growth Tracker shows improved business growth in March, led by a strong service sector performance SMEs register a softer decline in output levels during March Market conditions remain challenging and we could see continued challenges in the coming months   Mid-market businesses continued to outperform the wider UK economy in March,…
Read More →
Breaking News

ONS Private rent and house prices UK – April 2025

The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation. Main Headlines Average UK monthly private rents increased by 7.7%, to £1,332, in the 12 months to March 2025 (provisional estimate); this annual growth rate is down from 8.1% in…
Read More →