UK property listing website Zoopla sees record traffic despite Brexit uncertainty

UK property listing website Zoopla sees record traffic despite Brexit uncertainty
UK property listing website Zoopla sees record traffic despite Brexit uncertainty

Zoopla, the UK property listing website, has seen a record number of visits and leads in the last 12 months, despite continued uncertainty on Brexit.

Over the 12 months to the end of September, Zoopla Property Group (ZPG) said there were 648 million visits and 56 million leads.

Its property division saw revenue rise by 41% to £122.3 million, with the number of member agents jumping by 6% to 14,775 branches.

UK property listing website Zoopla sees record traffic despite Brexit uncertainty

Overall ZPG – whose business includes the comparison website uSwitch – saw revenue up 24%, to £244.5 million. However net debt increased to £191.5 million as a result of acquisitions. Statutory profit for the year was up 2% after acquisition costs and share-based payments.

Its acquisitions in the year included Hometrack, ExpertAgent and Ravensworth.

ZPG founder and CEO Alex Chesterman told Eye that the company were delighted to have delivered another year of record performance across the business.

“Our property division performed very well, driven by strong demand for our additional products, further migration of our software partners to cloud-based products and a continuation of returning portal partners.”

The company said it has grown its headcount by 20% and now employs 882 staff.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
England Brexit

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