Two New Portals Launch in Northern Ireland to Challenge Newly Merged PropertyPal and Property News

September 25, 2024

Two new real estate portals have been launched in Northern Ireland in an apparent response to the merger of the market's two largest players in August.

HomesNI was launched earlier this month by BlueCubes, a Belfast-based web design company that has been catering to agents for many years. The portal claimed to have 120 agents signed up and over 11,000 listings on launch.

Meanwhile, NI Bricks is also fresh on the scene and looking to gain market share by offering agents three months of free listings. The portal is being run by Soham Technologies Limited and is the brainchild of Pragati Dhingra, a 20-year veteran of the PropTech industry.

The emergence of the two new portals comes after previous rivals Property Pal and Property News announced a shock merger in August. Prior to the merger Property Pal, which was considered the market leader, was involved in a pricing dispute with its agent customers.

Now both HomesNI and  NI Bricks are looking to capitalise on agents' concerns over possible price rises being considered by PropertyPal and Property News bosses.

Founder and CEO of NI Bricks Pragati Dhingra said: “NI Bricks was born out of a need for innovation in the real estate sector. We recognised the gap in affordable, tech-driven solutions for estate agents."

“With this platform, we aim to lead the digital transformation of the real estate industry in Northern Ireland, ensuring that agents can maximise their reach, minimise their costs, and enhance their business efficiency.”

The Northern Irish market is notable for the fact that the main British portals, Rightmove and Zoopla are not nearly as strong as they are elsewhere while CoStar-owned OnTheMarket was recently forced to pull out of the regional altogether due to poor listings coverage. Meanwhile, Adevinta-backed Daft.ie which operates in the Republic of Ireland has very sparse listings coverage north of the border.

September 25, 2024
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Developer Generic Background
Product Roundup: Hemnet, Green Acres, FazWaz, Property Sorted and Leboncoin

Here are the product and services updates we've spotted coming from real estate marketplaces around the world this week...  ...

Read More
Affordability Calculators 1 1
Affordability Fears Are Growing – Are Real Estate Portals Paying Attention?

Only around 40% of listings on Zillow are affordable. Or, to put it another way, only around 40% of properties...

Read More
People Roundup Hero Image 3 April 25 2
People on the Move Roundup: REW, ImmoScout24 and REA India

This week's roundup of real estate marketplace comings and goings features executives on the move in Canada, Germany and India......

Read More
Cooperrocketacq 3
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More

Editor's Pick