It says it will be looking into traditional estate agency models and alternative ways of buying and selling homes, it announced today.
Ahead of this, the OFT will write to stakeholders to ask for their views of the industry. The study will begin in 2009.
The trade regulator says it will look into price competitiveness and quality between service providers. It will also pay particular attention to the new Internet property retailers, which have developed over the last five years.
The study may also cover the relationships between estate agents, and mortgage brokers, surveyors, solicitors and other professional advisors.
OFT chief executive John Fingleton says: “Buying or selling a home is something most people do only a few times in their life, but it is usually the biggest transaction they will make.
“We want to ensure that consumers are served well when buying or selling a home and are supported by an effective, competitive and innovative market.”