The BBC Reports that Google is set to launch a property dimension to its UK mapping system.
The new service will allow both estate agents and private sellers to put their property as an overlay on Google Maps.
The plans were outlined at a conference called Estate Agency Events last week, which David attended (though has to keep tight lipped about this - well done so far after my questioning!), although Google has declined to give official confirmation.
Shares in the property portal Rightmove fell more than 10% as news emerged, the sharpest faller in the FTSE 350 index of companies for the day.
The new service is expected to launch next year and would be similar to a service Google launched in Australia.
That site allows estate agents to list properties for free, with pictures taken from its Street View service and listing details on a map.
Speaking to BBC News, Edward Mead - sales director for Douglas & Gordon estate agents - said that the new system would be a win-win situation for both Google and estate agents.
"The technology to do this is already in place and estate agents are a little busier these days, although transactions are still fifty per cent down on what they once were.
"So this service, which is free, will appeal to estate agents' cost-cutting nature and given that sixty per cent of agents are one-off traders, this will have serious appeal."
Mr Mead said that Google's head of property and classified team, Ben Wood, briefed 30 of England's top estate agents at Estate Agency Events last week, telling them everything about the system, other than an official launch date.
This can only be good news for the property market and your average seller, who will be able get far more market exposure. However we are still waiting for Google's street view service in Moray (Though I have seen the photo cars about).
Lets hope like David, the other agents embrace this and take it forward, as we all know some can be a bit backward with their marketing and in embracing new technology.
My wrist is slowly getting better - Thanks to everyone for their kind wishes and cards, especially to my blog followers for their patience whilst this heals. I'll arrange a get together at the Ord Ban cafe in Aviemore and buy you all a coffee once I'm back up to speed - First 100 only though, otherwise I may have to take out a second mortgage.
All the best,
Mr Jackson.
Posts
