You are here: Home - News -

Zoopla announces Hometrack purchase

  • 01/02/2017
  • 0
Zoopla announces Hometrack purchase
Property portal Zoopla has announced it has agreed to buy automated valuation model (AVM) provider Hometrack for £120m.

Hometrack says that 15 of the UK’s top 20 mortgage lenders make use of its valuation services, as well as four Australian lenders. In total the firm carries out over 20 million AVMs each year. Hometrack will continue to operate as a standalone firm and brand.

Alex Chesterman, founder and chief executive officer of Zoopla Property Group, said that Hometrack was a “perfect fit” to develop its data services business. He added: “The deal will allow us to serve our consumers and partners even more effectively and gives us unrivalled data capabilities in the residential property market.”

Charlie Bryant, chief executive office of Hometrack, said the firms had worked together for a long time and shared the same vision of using data to help firms and individuals make more informed decisions.

Ishaan Malhi, chief executive officer and founder of online mortgage broker Trussle – which is a “strategic partner” of Zoopla, said that Zoopla was building a “strong proptech ecosystem”, and suggested this acquisition was “another major step toward marking this consumer journey as seamless as current technology will allow”. Zoopla already owns uSwitch, PrimeLocation and Property Software Group.

Zoopla also revealed that it is currently in negotiations for another smaller acquisition which it expects to complete in the next couple of months

Zoopla announced soaring profits and revenues last year. Revenues jumped 84% to £197.7m, while profits grew 44% to £36.7m.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
woman looking in to an estate agents window
‘Cloudy’ outlook for property market warns Nationwide

House prices increased 0.2% in January, according to the latest house price index from Nationwide, though prospects for the rest...