Agent Support Package Extension and Record Leads

On The Market

OnTheMarket plc, the majority agent-owned company which operates the property portal, announces today an extension to the payment support initiative for its agent customers to help ease the continuing impact of the COVID-19 situation.

2 month discount extension

On 19 March 2020, OnTheMarket announced a 3 month discount to listing fees to assist agent customers who were facing the uncertainty of the evolving COVID-19 situation. The initial discount period was due to expire on 25 July 2020.

To further help to reduce the cash flow pressure which agents are continuing to face, OnTheMarket is now extending listing fee discounts for a further 2 months to 25 September 2020. The discount will remain at 33% for the first month and will be 20% for the second month. These discounts will be given to all OnTheMarket agent customers who are paying on full-tariff listing agreements.

While revenues will be impacted in the short term, the Group will continue to conserve cash through the careful management of costs. As at 31 May 2020, the Group had net cash of £8.8m, and, excluding deferred creditor payments of £2.3m, no borrowings.

Record delivery of leads to advertisers

In the past 2 weeks and since the partial relaxation of COVID-19 restrictions, OnTheMarket has seen new records for total leads delivered to advertisers. Over 430,000 leads were delivered in the week commencing 8 June 2020 and over 440,000 in the week commencing 15 June 2020. Visits were c.6 million in each week, an increase of over 280% on the weekly low point during lockdown and over 20% up on the first week in March 2020, before the impact of the lockdown on the property market. This has been achieved despite a significant reduction in marketing spend since the lockdown commenced on 23 March 2020.


Clive Beattie, Acting Chief Executive Officer, commented: “It remains the core strategy of OnTheMarket, as the majority agent-owned portal, to deliver value and to provide first-class support for our agent customers. 

“Whilst we have seen record levels of leads in recent weeks, which is a testament to the strong engagement has with consumers who are currently active in the property market, we believe agents continue to face challenges and that offering this discount extension package will assist them as they continue to restart operations.

At the same time, we also need to begin increasing our own levels of service support and advertising on behalf of our customers as their markets reopen. The extended discounts allow us to support customers alongside a gradual increase in these activities whilst conserving our cash.”

Vikki Bennett

You May Also Enjoy

Breaking News


Daily bite-sized proptech and property news in partnership with Proptech-X.   Estate Agent Networking partners with Property Tech Show The ultimate property tech show is coming to London in February 2023 and Estate Agent Networking have been chosen as a media partner. The importance and the increase in interest of the subject #PropTech remains strong in 2022 and…
Read More
Home and Living

4 Reasons to Install a Loft Ladder at your home

While there’s no legal requirement saying that you need to have a loft ladder, investing in one can be incredibly smart. Sure, it’s perfectly possible to own a loft and make good use of it without a ladder, but it can become quite impractical at one point, especially if your family is growing or you…
Read More
Estate Agency delays
Software & Tech

Brief guide for managing time!

Time management is very important for everyone. It doesn’t matter what age you are and what kind of work you are busy with, it is important that you manage time. In the past there was no such way to keep track of time but today you have online time calculator by and task manager…
Read More
Software & Tech

How Social Media Can Help Your Real Estate Business?

Selling or buying a property is a crucial decision. Most of us are full of doubts, queries, and problems while undertaking this endeavor. This means your clients are seeking someone who has more expertise than just a license to become a real estate agent. They are looking for agents who will look out for their…
Read More
proptech show
Breaking NewsProptech News

Estate Agent Networking partners with Property Tech Show

The ultimate property tech show is coming to London in February 2023 and Estate Agent Networking have been chosen as a media partner. The importance and the increase in interest of the subject #PropTech remains strong in 2022 and industry experts expect this trend to continue through 2023 and beyond. 15 – 16 Feb 2023…
Read More
property price crash looming 2022 2023
Estate Agent Talk

MSN Scaremongering again? Property Market Crash reports

We all know, or at least by now should be waking up to, that MSN delivers mostly inappropriate / fake news and are countless times accused of political agendas when it comes to reporting on what’s going on in the world. What newspaper can refuse a controversial headline these days regardless to how legitimate the…
Read More