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Property portal Zoopla upbeat for full year outlook as listings reach 925,000 in a year

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Property portal Zoopla was upbeat on its full year prospects as homes listed on its website hit 925,000 in the year to August, while uSwitch also provided a boost.

The group, which snapped up comparison website uSwitch for £160million last year, said it expects full year earnings to be between £69million and £79million this year, near the top of analyst estimates.

Zoopla said its comparison services business ‘continues to outperform’, as competition among suppliers of services such as energy and broadband ramps up and consumers cast around for better deals.

In early trading, Zoopla were up 1.1 per cent, or 3.7p to 330.1p this morning.

In its trading update to the end of August, Zoopla said saw further growth in the number of estate agents signed up to its website, rising 5 per cent year-on-year to 13,275, the same growth rate as the number of properties listed.

Paul

The author Paul