Tony Blamey, who recently took over as CEO of Fotocasa, a leading real estate advertising platform in Spain, highlighted the competitive landscape of the housing market during his tenure. In an interview, he noted that while Fotocasa is a well-known player, it is contending with significant competition from Idealista. Blamey is focused on leveraging technology and data to navigate the challenges posed by the current market conditions and improve the service delivered to real estate agencies, which he identifies as Fotocasa's primary clients.

As the market continues to evolve, Blamey hinted at a new phase for Fotocasa following its acquisition by Scout24. He stresses the importance of adapting to changes and investing in technology to stay relevant in an industry marked by fierce competition. Blamey also pointed out the critical issue of supply in the housing market, indicating that this problem, rather than algorithms, significantly impacts housing prices in Spain.

In summary, Blamey’s focus on technology and client service reflects a strategic shift that could position Fotocasa for future growth in a challenging real estate environment. His insights underscore the broader trends within Spain’s housing sector, where the supply problem is a key factor affecting market dynamics and pricing strategies.