Eversheds’ head of London real estate Bruce Dear has commented on the pricing of Zoopla’s flotation.
He said: ‘It’s all about timing your run. Zoopla’s flotation has been caught marginally offside by the Bank of England flagging that the housing market must be dampened.
‘This explains their sensible “lower half” pricing. How Zoopla must wish it had made its IPO run three months ago.’