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Website to give value of homes

City AM, 16 Jan 2008

A venture capital-backed property website launched yestereday that will allow users to find up-to-date values of 26 million homes in Britan.

The site called zoopla.co.uk is backed by the technology venture capitalist Atlas Ventures who are also investors in France's version of YouTube called DailyMotion and the ticket website Seatwave.

Property value estimates are calculated using an algorithm that Zoopla has developed.

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