17 June 2010

Will Google Real Estate Change the Online Property Market?

Google announced the launch of Google Real Estate in the UK some time ago. This has been a long-anticipated move and we thought it would be useful to look at what this means to the online property industry and searchers on the web.

google maps real estate

How have Google property results been displayed in the past?

For many years people have been searching for queries such as “house in East London”, or “Houses in Manchester ” on Google, in order to find a property.

Although, rather than providing a searcher with an active property which is listed for sale, it’s more likely to provide a starting point in their search for a property. Website’s and property portals such as Rightmove or Nestoria will often feature heavily and users will browse to properties from there.

What are the benefits of Google Real Estate?

Google Real Estate might try to follow user and search trends, in an attempt to provide results more quickly to a user, looking to provide a direct answer to their query – as opposed to returning the most relevant result.

One of Google’s biggest strengths is the fact that they provide search results based on the most relevant, indexed content available on the web. It is unclear which business model will Google propose with their initiative.

But the real question is, how will Google’s venture would fit with the offering and expertise of an old yet robust industry.

19 March 2010

Finding the optimum home on Google Maps for a London Commuter


Google Maps layer of Gartoo house prices commuting
Here at Gartoo we recently published a blog post on the commute time, commute cost and mortgage repayment cost of many of the UK’s major cities to identify the best and worst areas to live in for commuters.

However, we realised that looking at long tables of data and graphs isn’t the most exciting and interactive way of presenting the data. We decided to produce a property search info graphic and the following interactive Google map displaying the commute cost, time and mortgage repayment costs for areas in and around London, UK.

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11 March 2010

London Commuters save £515 a month for every five miles extra they commute

London

In January Gartoo researched the combined house and commute costs of areas around London to try and find the optimum location for someone working in central London to live, the results were staggering.

Every five miles nearer to Bedford one lives from St. Pancras a monthly average saving of £515 is made on combined mortgage repayment and commute costs.

Moving from Camden to Potters Bar – an added journey time of 17 minutes a day – could save £1,234 per month in combined travel and mortgage repayment costs.

So why do people still choose to live in non optimum locations such as Camden?

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