Twitter Facebook RSS FEEDS

New Facebook property portal launches

Wednesday, 4 January 2012 12:15 PM

A new property portal is set to give Facebook users the chance to buy, sell or rent a property via the social networking site for the first time.

Property Place, a new application on Facebook, already has almost 400,000 properties for sale and to rent across the UK.

Sohail Rashid, the Yorkshire based entrepreneur behind the project, says social media can be "the future" of buying and selling property.

The former conveyance lawyer sees a huge marketing benefit in the nature of the app, which he says takes into account the "viral and visual" nature of property sales.

Users will be given the chance to share properties and create a "my properties folder" which they can share with other Facebook users.

This will allow users to interact and comment on properties, which Rashid says offers a more "consumer controlled market" then current property portals do.

"Property Place makes it easier for consumers to share the decision making process with trusted friends and family on one platform," he added.

 The price of the service is £50 per month for agents to list up to 15 properties, or £150 for 150 properties.

Private sellers will be charged an entry fee of £75, dependent on them providing property photos.

Rashid was motivated to set up the service following the Office of Fair Trading report in February 2010 which called for more "innovation, competition and transparency" in the UK property market.

The project has been 18 months in development and Rashid's team includes Guardian Media Group Property Services (GMGPS).

Mark Goddard, group managing director of GMGPS, said: "It is our belief that selling agents should treat social media as an emerging market and a new opportunity to challenge the way properties are currently sold and let.

"The application offers so much more to consumers and agents over and above traditional portals."

Want to be the first to know when we break a story? on Twitter and subscribe to our free weekly newsletter.

Related stories

Men in hard hats conducting a property survey

RICS launches three new property surveys

The Royal Institution of Chartered Surveyors has launched three new survey products in a bid to make homebuyers more informed.

 The experts called NewBuy a drop in the ocean. Image:Jupiter

Property experts debate 'new normal' for market

House prices flat, transactions subdued and NewBuy a drop in the ocean, says audience at HSBC event.
George Clarke will be presenting The Great British Property Scandal on Channel 4.

Channel 4 launches campaign on "property scandal"

Season of programmes on housing crisis this week highlights the one million homes lying empty while two million families are on the waiting list.

Man working at computer

New site launches for private tenancy agreements

A new site has launched claiming to be the “legally watertight” way for landlords and tenants to enter a private arrangement.
The role of property taxes in George Osborne's upcoming budget has sparked widespread debate. Pic:Getty Images

Estate agents plead for no new property taxes

NAEA tells chancellor George Osborne that taxes on homeowners are already highest in Europe.

 First-time buyers looking round a property

Barclays launches new FirstBuy tracker mortgages

Barclays has launched its lowest-ever fixed-rate mortgage and introduced two deals to support the Government’s FirstBuy scheme.
George Osborne with the original budget briefcase. Image:PA

Budget 2012: Property industry reactions

Our round-up of reaction to today's budget from around the property industry.

 Elizabeth Hurley recently got engaged to Australian cricket legend Shane Warne. Picture:Getty Images

Elizabeth Hurley launches first homeware range

Elizabeth Hurley is making her first foray into the world of interior design today with a brand new homeware range at House of Fraser.
Ha'penny Bridge, Dublin

Property auction website launches in Ireland

Irish investors will now be able to buy and sell homes at auction over the internet.

 David Cameron is hoping that the new scheme will support some 50,000 jobs in construction and related industries. Pic:Getty Images

Government launches 95 per cent mortgage scheme

David Cameron is today unveiling the NewBuy Guarantee, a scheme which will allow new home buyers to put up a deposit of just five per cent.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

A guide to finding the right kitchen sink

When redesigning a kitchen or giving the room a makeover, it is important not to forget about the less obvious aspects of the space. Kitchen sinks are an essential fitting, but often overlooked, despite the fact there is a wide choice of styles available.

Useful tips to help find a flat in London

Looking for flats in London can be a frustrating process, given the capital's size, demand for rental accommodation and varying prices. It is vital, therefore, that you do plenty of research and act quickly to ensure you get the place that you want.

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.