Zoopla shareholders remain unconvinced by recovery claims
Zoopla Chief Executive, Alex Chesterman, has made claims that the online estate agent has seen a rise in clients after 213 agents signed up to the service, and predicts that this trend will continue. This is despite Zoopla recently having suffered a loss of clients after competitor OnTheMarket only permitted members to list on one other site, a move that saw many agents opt for rival website Rightmove. Despite Chesterman’s claims, Zoopla’s share price dropped by over 5% on Wednesday.
Zoopla says it has no comment to make on the decision of high-end London estate agency Chestertons to move from Zoopla to Rightmove.

The agency - which has 30 offices across the capital and is one of the founders of Agents’ Mutual - made an announcement yesterday.

It said to honour its OnTheMarket ‘only one other portal’ rule it would be dropping Zoopla “on amicable terms” as it was returning to Rightmove.