OnTheMarket announces over 10,000 agent branches now contracted
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, today announces that, as of 24 July, it has signed listing agreements with UK estate and letting agents with more than 10,000 offices as momentum continues to build in support of the portal.
The announcement states:
This increase of over 4,500 branches since Admission on 9 February represents growth of more than 82%. The Company believes that it now has listing agreements with approximately 54% of UK residential estate and lettings agency branches. The portal now carries over 570,000 UK residential properties, well in excess of half the total market.
Traffic to OnTheMarket.com in the current financial year from 1 February to end June was 56.6 million visits, more than double the traffic of 27.1 million visits generated in the same period in 2017 (source: Google Analytics). more…..
Read the announcement 26th July 2018 in full click here
Ian Springett, Chief Executive Officer of OnTheMarket, said: “We are very excited to have reached the significant milestone of 10,000 contracted agent offices less than six months after OnTheMarket’s Admission to AIM alongside our capital raise.
“We have seen and felt the momentum build strongly behind our disruptive strategy for sustainable fair pricing from an agent-backed portal. Our agent offices, our property listings and our traffic have all increased substantially since Admission. We remain confident of our ability to deliver a challenger portal that provides much-needed competition in the marketplace.”
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