The REA Group delivered a strong, but predictable, first half with $134.6m in revenue and a 44% EBITDA margin. The only real surprise was the Italian business breaking even.
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Company News
RevealRealEstate.com has launched a new property listing service for Central America; they also offer a free e-course which guides the seller through the entire the process.
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Redfin.com has undergone a massive re-vamp of its service; the new version has been designed to ensure that each Redfin customer has a one-on-one relationship with his/her agent.
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Scotland’s s1homes.com, has conducted an extensive usability study, focusing on buyers and renters across Scotland, and their experience with the s1homes site, the result of which has been a new user-friendly site.
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Rumours are in the market that News Corp is running its eye over the REA Group with a view to buying out the minorities. Should they do it?
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Agri Property, the owner of IndiaHomes, has secured $10m in new cash to fund the growth of its online businesses as well as its software play called GoldMine.
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Seattle-based real estate website Zillow.com announced on Wednesday, February 15th, that its revenue more than doubled in 2011
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A 24% decline in net income wipes 13% of the market cap of China’s NasDaq Listed SouFun.
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Dubai’s SME award is intended to identify Dubai’s top small to medium-sized businesses, which have the potential to be world-class enterprises and invest in innovation and people.
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Just who does dominate the Australian property portal market and how are the rest of the players shaping up?
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