sunday tribune logo
 
go button spacer This Issue spacer spacer Archive spacer

In This Issue title image
spacer
News   spacer
spacer
spacer
Sport   spacer
spacer
spacer
Business   spacer
spacer
spacer
Property   spacer
spacer
spacer
Tribune Review   spacer
spacer
spacer
Tribune Magazine   spacer
spacer

 

spacer
Tribune Archive
spacer

UK retail giant Asda to sell houses online
Valerie Shanley



BOOKSTORES, record stores and even fashion chains have felt the might of supermarket power in recent years . . . now it looks like estate agents will be given a run for their money too.

Asda, one of the UK's biggest grocery chains and part of the Wal-Mart empire, has announced it is running a year-long trial for a new internet-based property service in 10 stores.

Called Homes@Supermarkets, and accessed either from home computers or touchscreen terminals instore, the aim is to cut standard selling commissions in half.

Asda say that while house prices have been skyrocketing for the past few years, selling commissions have stayed the same . . . and estate agents have done very well for themselves.

"We believe there might be room for a little more modesty within the current profit margins."

The internet is now the first port of call for househunters both in the UK and here, with up to 80% of potential buyers using the click of the mouse to find a house.

Asda has been a trailblazer for moving into markets other than grocery, hiring former Next founder George Davies to design its 'George at Asda' fashion range, and also leading the campaign to scupper the net book agreement preventing books being sold at a discount to their cover price.

Other supermarkets followed suit with clothes, home entertainment and mobile phones to extend their offering also, but whether they will get into estate agency remains to be seen.

Tesco says it has "no immediate" plans to follow suit.




Back To Top >>


spacer

 

         
spacer
contact icon Contact
spacer spacer
home icon Home
spacer spacer
search icon Search


advertisment




 

   
  Contact Us spacer Terms & Conditions spacer Copyright Notice spacer 2007 Archive spacer 2006 Archive