Will Google dominate the property sector in the future?
This week saw a sharp reverse in the share price of Rightmove after rumours emerged that search engine giant Google was looking to cash in on the online property sector and compete head-to-head with Rightmove. While many investors cashed in their Rightmove chips and moved on to pastures new there are a number of analysts who believe the fall has been overdone. So can Google really dominate the property sector?
The truth it is that Google has moved into many areas in cyberspace without success, but as they say in the pharmaceuticals industry, Google has managed to "bury its dead at night". This means that a number of Google expansion plans have failed but the company has managed to move on quickly and disassociate itself with loss-making or disappointing ventures. While there is no doubt the rumoured move into the online property sector has caused some eyebrows to be raised within the sector there still needs to be an understanding of the underlying market before anybody can make a major dent in the market share of companies such as Rightmove.
Whether Google is in a position to directly attack the market share of Rightmove is open to debate with those who fear every move by Google should look back at the history of the company and see the growing number of "failed ventures".
Share this..
Related stories
Report Suggests Exams For Estate Agents
While the fearsome reputation of estate agents of the past may not fully reflect the more structured approach to the industry of today, a new report suggests that it is time for estate agents to sit exams before they are able to work in the industry. Surprisingly it seems that currently anyone can work as an estate agent and start selling to the public without a single relevant qualification - a...
Read MoreEqual pay still a dream for many
A survey by the Chartered Management Institute has today been released regarding UK equal pay regulations, which have now been in place for over 40 years. The report suggests that women in the UK, for example in a management position, will need to wait 57 years to attain the same level of pay as their male counterparts if current wage inflation continues at the same pace! The report shows that...
Read MoreLloyds bank and Royal Bank of Scotland criticised by MPs committee
Lloyds Bank and Royal Bank of Scotland have today been criticised by a committee of MPs for failing to live up to promises made just after the taxpayer led bailout of the two companies. In total the two operations had promised to lend upwards of £39 billion to homeowners and businesses in the UK by the end of February 2010. Royal Bank of Scotland had pledged £25 billion in additional loan liquid...
Read MoreBorrowers don’t consider balance transfer fees
23/09/2015 Borrowers may be paying more than expected in balance transfer credit card fees after being attracted by 0% interest offers, consumer group Which? has warned. Consumers pay an estimated £334 million in fees each year, but only a small amount of people understand the costs involved. Which? has claimed that 70% of people believe the transfers to be free. They are now arguing that t...
Read MoreHelpful hints to save money
While there are hundreds of ways in which you can save money, the vast majority of people in the UK, and around the world, often ignore the simple techniques because of impatience. Many people expect to save significant amounts of money overnight and are ultimately disappointed when it takes a little longer than expected.
One simple technique which many people use to save money is a...