New U.K. property search planned

The U.K.'s National Association of Estate Agents plans to launch a home-search portal later this month at http://www.propertylive.co.uk that will initially focus on the U.K. market but will expand to international markets early next year.

Only agents and developers that are members of the NAEA or other overseas agency associations that they have agreements with will be allowed to list property at the site.

In a recent survey of nearly 300 international estate agents conducted by search marketing company Globaledge.co.uk, some 31.5 percent -- the largest share -- said they used PrimeLocation.com to list property, followed by FindaProperty.com at 27 percent, EuropeanProperty.com at 23.6 percent, TheMoveChannel.com at 22.5 percent, and Rightmove.co.uk at 21.3 percent.

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