Zoopla Property Group trading update

ZOOPLA PROPERTY GROUP PLC release trading update.

 UK Agency membership returns to growth, with a net increase of 213 branches

Listings inventory continues to grow, up 7% from 828,000 to 882,000 properties

Comparison Services business (uSwitch) is trading well, following acquisition

Management remains confident of delivering Group full year results in line with expectations

Alex Chesterman, Founder & CEO of Zoopla Property Group Plc reportedly said, “We are very pleased that over the past few months of trading we have returned to growth in our number of UK Agency members. Our huge audience of property-interested consumers remains loyal and engaged and our members are enjoying strong performance and a competitive advantage in terms of both brand exposure and leads generated via our platform. With the acquisition of uSwitch now complete and the business performing well, we are focused on developing our combined services to provide consumers with a single resource for all their property needs which will serve to further enhance our user engagement and create a greater competitive advantage for our advertisers.

 “We have come a long way since our launch just 7 years ago, but there still remains so much more to do that I am incredibly excited about. I am delighted to be able to fully commit to ZPG for the long-term and deliver the growth strategy of the Group.”

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.

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