Thoughts on the "Zoomf Index"

London property search engine Zoomf has just released its "Zoomf Index" feature and to my knowledge, there's no other property website or search engine that compiles comparable price data in such an easy and instantaneous format. In fact, the really great aspect to this feature (when compared to other asking price indices such as Rightmove, Hometrack and Home.co.uk is) the instantaneous results. No more waiting around for the end of the month for index releases from Rightmove and Hometrack for the property professional. They can find out what's happening in their neck of the woods or in London overall, just by pulling up the Zoomf Index. What's also innovative is the rent yield calculations, and price comparisons with Greater London averages as well as nearby area averages, a very useful tool for investors and property professionals alike, as well as consumers just searching for a place to live. Guidelines can also be broken down by home type and number of bedrooms.
We did try searching via postcodes and street names and got an error page. We're not sure if this service is intended to be integrated as it would be quite useful, and product director Ivailo Jordanov admitted to us last night that there were "a few small glitches which are being worked on". However, we were able to get very accurate results when doing broad area searches using Brixton and Maida Vale as search terms.
Another pitfall is the current size of the Zoomf database which we're estimating at approximately 10,000 properties for sale in London. Now we're not sure how many properties on the open market in London at the moment, but we're estimating between 60,000 - 100,000 depending on who you speak to.
Notwithstanding this, we're calling the "Zoomf Index" a winner and predict that it will have serious impact and influence on the London housing market in the coming years.