Tesco Property Services to be sold May 1st, 2008
Tesco Property Services, the online estate agency launched by Tesco last year, is to be sold to one of the sites fiercest critics, Spicerhaart. The site was established to undercut the sectors traditional players by offering a £199 do-it-yourself service, a service which Tesco later had to suspend.
Spcierhaart is the UK’s largest independent estate agency with over 250 branches and it is thought that they will own and operate the website while Tesco continues to market it. The marketing may prove to be the tricky bit as up to now Tescot has struggled to attract enough buyers and sellers to the site.
