Google an IT Company is set to launch a property dimension to its UK mapping system.
The new IT service will allow both estate agents and private sellers to put their property as an overlay on Google Maps.
The plans were outlined at a conference called Estate Agency Events last week, although Google has declined to give official confirmation.
Shares in the IT Company Rightmove fell more than 10% as news emerged, the sharpest faller in the FTSE 350 index of companies for the day.
The new IT service is expected to launch next year and would be similar to a IT service Google launched in Australia.
Sarah Beeny says Google will level the property playing field with the new service that allows estate agents to list properties for free, with pictures taken from its Street View service and listing details on a map.
People who read this article also read...
