The OFT intends to launch a market study into home buying and selling, looking at traditional estate agency models and alternative ways of buying and selling homes, it has announced.
The OFT proposes that the market study should take a comprehensive look at home buying and selling in terms of:
- competition on price and quality between service providers
- the prospects for new entry by, in particular, internet property retailers
- extent to which consumer interests are protected by the existing regulatory framework