Overseas property...

View information on...

Homes Go Fast

Property News Updates

Receive Weekly News Updates to Your Inbox

*we never pass your details on to third parties

Property Sales Enquiry Line

For UK Residents call free on:

0800 043 00 96

For visitors out of the UK call:

+44 207 099 33 92

*property references are required

Overseas property news

We are dedicated to bringing the best and most up to date overseas property news to you daily, why not sign up for news alerts by email.

New Bulgaria Development Announced

Brno, Czech Republic Hopes to be Biotech Hub

Property for Sale from the Rich and Famous

Venice Film Festival Underway

Versailles Gets New Gates as Part of Restoration

Overseas Property You Tube

Overseas Property

Homes Go Fast

Selling property online at Tesco

Social Bookmark

Selling property privately online has always been a controversial way to sell a home as it challenges the role of estate agents. Private sellers typically stand to save thousands in commission fees. The news that supermarket giant Tesco is starting its own house selling service is another challenge to the role of estate agents.

Tesco intends to launch its house selling service at £199 which includes advertising on their website and a for sale sign. The fee will dramatically undercut estate agents, who charge typically £3,500 for an average £200,000 house sale.

In a bid to reduce access to the major UK property websites most portals have refused listings from those selling privately online. Property websites at Rightmove, Propertyfinder.com, and Findaproperty all refuse listings from those selling privately.

Homesgofast.com CEO Nicholas Marr ‘We sell property on behalf of both estate agents and private sellers and distribute sellers adverts to a number of property websites. We are no longer allowed to promote our private sellers adverts on some of the UK’s most popular websites’

Tesco appears to have been met by a brick wall as it planned to drive traffic to its website by using the portals listings to attract buyers .

Ed Williams, group managing director of Rightmove, said: "We're not playing ball. This is a Trojan horse and we have declined to participate. Our commitment not to take private advertisers is longstanding and on the record.

"If Tesco scrape our listings without our permission, we will take the appropriate legal action."

Warren Bright, chief executive of Propertyfinder, said: "We were approached some months ago but we have chosen not to participate, as their proposition is not in the interests of the estate agent, who is our customer.

"They wanted to position their private sellers at the top of their listings, followed by our listings. They won't be getting feed from us."

Ian Springett, chief executive if Primelocation, added: "We were in fact approached by Tesco a few months ago but, for a variety of reasons, took a decision not to become involved.

"Naturally, the direct vendor element of the proposed new portal was a problem for Primelocation since our site features only properties supplied to us by member estate agents."

Mark Davis, of www.Tescopropertymarket.com, said: “This is going to revolutionise the property market. If people still want to use estate agents then they can, but we are going to give them all the tools to do it themselves.”

He said sellers will need only internet access, a tape measure and a digital camera.

“For sale” boards for outside the home will be provided and the property will stay on the site until it is sold — or taken off by the seller. The site offers details about local schools and amenities — and gives pin-sharp aerial views of locations.

Rosalind Renshaw, editor of The Negotiator, said: "Established estate agents are hopping up and down over this and their livelihood is under threat.

"What estate agents are very good at is negotiating the best price for their vendor and are very good at nursing through deals where complicated chains are involved. The question is can Tesco do either of those things."

The Home of Overseas Property

Buying selling investing your in the right place!

Foreign Currency Advice	Investment property
Free property finder service	Overseas property developers
Overseas mortgages	Real estate agent services
International property lawyers	Selling property privately

We Can Distribute Your News

We put our clients news in front of thousands of people each day

Our news service includes distribution to Google News, our own network and 50 press release web sites all from one place

Learn more:HomesGoFast.com News Service

Overseas Property News

International real estate news

Our overseas property news is updated daily and written by a team of researchers dedicated to providing quality news. Many of our contacts in the overseas property market provide us with news and a variety of other news sources.

Overseas Property For Sale

Our top overseas property investment hot spots

Spain France Portugal Bulgaria Cyprus Turkey Italy Malta Greece Egypt United States Brazil Morocco Thailand Hungary Germany Dubai Cape Verde Dominican Republic Poland