Listing a property for sale on eBay currently costs from just £35 for a 28 day classified listing, potentially saving sellers thousands of pounds in estate agent fees.

Listing property as a classified listing means buyers can not buy property online, they can either call or email the seller for more information or to arrange a viewing, so sellers will have to be prepared to field enquiries throughout the day or night.

According to the Guardian, 125 houses have been sold on eBay.co.uk in three months at the start of 2009 – a new record.

The deal between eBay and PropertyIndex has seen many more properties advertised on eBay so it will be interesting to see how effective this will be in generating sales.

Items listed for sale with a starting bid under 99p are now free to list on eBay.co.uk meaning if it doesn’t sell – you won’t pay a penny.

Sellers also get the first photo free in the free listing.

This change is in response to restructuring the closing fees. Every auction sale on eBay.co.uk will now be subject to 10% ‘Final Value Fees’, rather than the confusing tiered structure before. This means that anything sold over £10 will now cost more in fees.

The free listings do not apply to motors vehicles, mobile phones with contracts, and property or eBay Business Sellers.

eBay has launched the new fees for UK sellers.

In an attempt to encourage more sellers to list items for sale eBay has lowered the ‘Insertion Fee’ based on the starting price of the item.

eBay.co.uk has also changed the ‘Final Value Fee’ with eBay’s final commission being taken on a sliding scale depending on the final sale value of the auction.

More information on eBay.co.uk’s new fees.

However, not all sellers are happy with the new fee structure and some sellers have formed an eBay boycott in an attempt to force eBay into re-evaluating it’s fee structure. 

Only time will tell if the new eBay fees are a positive step to encourage more users, or whether the eBay seller strike has permanently damaged eBay with sellers turning to alternative auction sites like eBid or uBid in the future…