Rightmove founder joins Lavanda

Harry Hill, founder of Rightmove and former CEO of Countrywide, has joined Lavanda as chairman.

Lavanda launched in February this year and aims to blend traditional letting with Airbnb-style short-term rentals. It claims it can increase rental yields for landlords by up to 10% and enable tenants to make extra money by sub-letting.

Lavanda currently operates in London only. It aims to capture 10% of the London lettings market within the next five years.

Hill said: “The future of residential property has the sharing economy at its heart, a truth that most traditional agents and property managers refuse to acknowledge.

“Lavanda is uniquely positioned to power that future, creating new value through luxury hospitality, proprietary technology and data.”

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