Boomin Delays Launch Until Next Year in Letter to Agents

December 11, 2020
Share this Post: 

After releasing a snazzy marketing video to attract agents yesterday (which we analyzed here), new UK portal company Boomin has followed up today with an email to agents saying that it will delay the launch of its hotly anticipated portal site until the new year.

The new site, which will include a 'Playground' area for users to contract tertiary services as well as buy furnishings and other products, was due to go live this month. In an email sent to agents who have signed up to list with Boomin however the Executive Chairman and Founder Michael Bruce explains that:

Our plans were to launch in December 2020; to create the quality of execution we know is so important to you and us, we have decided that it would be better to publically launch in early 2021.

As for the reasoning behind the decision, Bruce puts Boomin's delay down to a desire to let employees enjoy well-deserved time off with their families around Christmas and take advantage of the slight relaxation of lockdown rules while they last. It has however been speculated in some quarters that despite a slew of headlines from the Boomin PR machine to the contrary, the new 2021 launch date is due to an underwhelming number of agency sign-ups with a critical mass of agents seen as crucial for the portal's ultimate success from the off.

December 11, 2020
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

Product Roundup 22Nov
Product and Services Roundup: Anjuke, AtHome.jp, PropertyGuru, Bayut, BProperty, Wasalt

This week's Product Roundup just so happens to take place wholly in Asia. We'll start in China, where an AI...

Read More
People Roundup 22Nov 1
People Roundup: Zillow, Adevinta

This week's People Roundup closes the loop on Adevinta's confusing management shakeup, but we'll start with a C-suite change at...

Read More
Lifull Boardroom 2
Lifull FY24 Results: Management Restructure Mostly Complete After Difficult 2024

Lifull Co, which operates Japanese real estate marketplaces Lifull HOME's, has released its full-year financial results for 2024. Highlights include:...

Read More
7 Trends 3
Analysis: 7 Trends that will Dominate Real Estate Portals and Proptechs in 2025

After an intense week of conferencing at the Proptech and Portal Watch event in Barcelona in October, the team at...

Read More

Editor's Pick