5% plus of Home SOLD via online agents

Hatched claims that online agents listed over 6,000 properties on Rightmove in 2013, accounting for 5.5 per cent of all those listed – assuming Rightmove is correct in saying it lists about 90 per cent of all homes on sale.

Hatched director Adam Day says the key growth for online estate agents will come in 2016 when he forecasts the proportion of homes on sale this way will reach 16 per cent. He claims this will represent a ‘tipping point’ after which momentum will build and online agencies will be accepted as a mainstream sales option.

“By 2020, 60 and 70 per cent of all properties on the market will be listed by online estate agents, threatening to wipe out over 7,000 high street estate agent offices” Day says.

Hatched, launched in 2006 with a team of three, was one of the UK’s earliest online agencies. It now claims to have 20 staff in seven offices across England and Wales with “many more to follow”.