New online estate agencies plot a shake-up of property market
EASYJET founder Sir Stelios Haji-Ioannou and former Capita chief executive Paul Pindar have thrown their weight behind two separate online estate agencies in an attempt to shake up the property market.
The Greek-Cypriot billionaire is preparing to launch a new online venture, easyProperty, that aims to challenge traditional estate agents by offering a quicker and cheaper alternative.
According to the website, easyproperty.com will “make property transactions straightforward and aggressively slash estate agency fees”.
Another website called purplebricks is set to launch next month after securing a significant investment from former Capita boss Pindar.
The group plans to undercut agents’ sales commission with a fixed fee and offer a 24-hour service..