1,000 plus agent branches contracted to OnTheMarket since admission to AIM

March 14, 2018

OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announced today that in the first 5 weeks since Admission to AIM (Alternative Investment Market), additional agent firms with more than 1,000 offices are now in listing agreements with it.

The total number of UK estate agency offices now covered by listing agreements with the Company is in excess of 6,500.

 Key to the Company’s new growth strategy is a substantial increase in the core customer base of estate and lettings agents, whose role in the property portals market is to provide the portal operators with both revenue and property listings content.

Ian Springett, Chief Executive Officer of OnTheMarket, said: “We are extremely pleased at the level of support we have experienced for an agent-backed challenger portal and at such a rapid and substantial increase in the number of signed-up estate agent offices in the first 5 weeks since Admission to AIM.

 “We believe that as we expand our sales team, we shall continue to sign up more and more new estate and lettings businesses up and down the country. We have already started to ramp up our marketing activity in line with the increase in our property stock and we are continuing to expand our sales, IT and marketing teams to support our new growth strategy.

“Our disruptive strategy to become a full-scale competitor to the market-leading portals with sustainable fair-pricing for agents has been overwhelmingly supported so far, giving us the ideal platform to build rapidly upon this early progress.”

Read the announcement 14th March 2018  in full click here.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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