It's so new it's not actually there yet:

Interestingly, News International already has a 50% stake in PropertyFinder, which charges agents to list on its site. Globrix will do things differently, using spiders to crawl agents' sites to produce a search database. It's not a new technique, and it's one that's rumoured to have previously got other property search start-ups in hot water with market leader Rightmove. According to this in the FT, Globrix will offer estate agents the opportunity to opt out. Revenue will come - instead - from an advertising model.

With News International cash behind it, it's likely to become a force to be reckoned with. As we all know, it's a competitive market, and - ultimately - success is all about innovation and implementation. The Rat and Mouse watches developments with interest.

[Thanks - twice - Ed]

Technorati Tags: Web, Web2, web2.0