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.

You May Also Enjoy

Estate Agent Talk

Why Estate Agencies Need a Scalable Finance Function to Support Growth

Estate agency growth rarely comes from simply opening up additional branches. It comes from the work you do behind the scenes once those branches start generating real volume. With so much going on, your finance department is usually the last to scale, and that’s exactly why it becomes the bottleneck. Growth exposes the cracks in…
Read More →
can you drink tap water
Breaking News

Five heatwave home horrors that could stop your property from selling

The latest research from House Buyer Bureau has revealed the heatwave-related issues most likely to deter potential homebuyers during a viewing, with strong smells from drains and sewage ranking as the biggest turn-off, followed by excessive noise when windows are open and bad smells from bins or rubbish. House Buyer Bureau commissioned an independent survey of…
Read More →
Surge in country and seaside property values
Breaking News

Air-conditioning searches double as 61% consider installing it

Searches for homes for sale on Rightmove with air conditioning have more than doubled this summer, up 104% compared with the same period last year New consumer research from Rightmove, the UK’s largest property platform, reveals that recent heatwaves are influencing how Brits think about their homes, with staying cool becoming a key priority: 61%…
Read More →
Estate Agent Talk

Why Cases Stall in Summer and What Agents Can Do About It

By Cara Stanbridge, Head of Relationship Management at Nova Conveyancing Every year, we hear talk of the summer slowdown. But from what I see working closely with agents, conveyancers and clients, the issue isn’t usually a lack of activity. More often, it’s keeping transactions moving when everyone involved is juggling higher workloads, holidays and competing…
Read More →
small house bird box
Breaking News

Britain’s property hotspots revealed

The Scottish city where houses sell fastest – and the town where it takes SIX TIMES as long to sell your home Homes in Glasgow sell three times faster than the UK average – making the Scottish city the fastest selling in Britain Wakefield is the slowest-selling city in Britain, with homes spending twice as…
Read More →
Breaking News

Breaking Property News 13/8/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The average age of tenants living in shared houses in the UK is now 35   Thought leadership by Adam Pigott CEO of tlyfe (Openbrix)   “The headline figure that tenants are now in their mid 30’s and still have to share facilities, not even have the…
Read More →