Estate agents are welcoming Google’s entry into the UK property market, as a way to keep down the prices charged by internet property search portals such as Rightmove and Primelocation.
“We want to make sure this stays a competitive market,” said Grenville Turner, chief executive of Countrywide. “Google will not replace portals but it will affect the ability of portals to charge unlimited amounts. There will be continued pressure on portals to innovate.”
Financial Times 19/06/10 page 15
