OnTheMarket.com grows listing offices by more than 10% in 6 months

The number of estate and letting agent offices listing at OnTheMarket.com has grown 10 per cent during the first half of the year. (Jan – June)

At the beginning of January, more than 5,700 offices were listing on the website and at the end of June, the number had grown to more than 6,300 offices.

OnTheMarket.com has also grown its traffic considerably and throughout the month of June, the website achieved more than 8million visits (source: GA). This is an increase of nearly 100 per cent compared with June 2015, when 4.4million visits were achieved.

Several multi-branch agents have chosen to list with OnTheMarket.com since the beginning of the year.

These have included Nottingham Estate Agency and Harrison Murray which have a total of 37 branches; eight branch firm Arnolds Keys which has offices in Norwich, Norfolk and North Suffolk; Watsons, estate agents and chartered surveyors covering East Anglia; Jeffries, a seven branch firm in South East Hampshire; Goadsby, a 25-branch firm with offices across Dorset, Hampshire and Wiltshire; and Meller Braggins, a five branch firm in Cheshire.

Ian Springett, Chief Executive of OnTheMarket.com, said: “Throughout 2016 the number of leads we provide to agents has increased, our traffic has grown and the number of agents listing on the website has risen by more than 10 per cent.

“Which other recent market entrant has achieved so much in such a short space of time?

“OnTheMarket continues to gain in strength as a major portal. Inconvenient as it may be for our detractors, we are here to stay. We continue to work towards creating the best portal for consumers and agents alike.”

OnTheMarket.com announced in May that it had the support of more than 7,000 estate and letting agent offices. This figure includes offices which are contracted and those which are covered by Letters of Intent to join Agents’ Mutual and to list at OnTheMarket.com when overall support exceeds 7,500 offices – its next milestone.

You May Also Enjoy

Estate Agent Talk

Urban housing mix forces estate agents to work harder

The latest market analysis from eXp UK has revealed that estate agents operating in more urban, built-up markets are often required to work significantly harder to generate comparable earnings, due to the dominance of flats within city housing stock and the far lower commission secured per sale when compared to detached homes. eXp UK analysed…
Read More
Breaking News

Property compliance experts urge landlords not to ignore major tenancy changes under Renters’ Rights Act

Beresfords property group highlights key actions landlords must take as new tenancy rules, enforcement powers and energy standards approach. UK landlords are being warned not to overlook major changes to tenancy agreements and compliance requirements, as the Government moves closer to implementing the Renters’ Rights Act 2025. Following the publication of draft secondary legislation, the…
Read More
Breaking News

Nationwide becoming first lender to allow mortgage deeds to be signed digitally

Mary-Lou Press, President of NAEA Propertymark (National Association of Estate Agents), comments: “The conveyancing process remains one of the most common sources of frustration for buyers and sellers, with more than 30 per cent of housing transactions taking over 17 weeks to complete on average. These prolonged timescales only serve to increase pressure and uncertainty…
Read More
Breaking News

Fruitful year ahead for aspiring first-time buyers

First-time buyers and those with little equity to refinance will find greater mortgage choice. During January, there was an uplift in higher LTV deals, with 90% LTV options at a record-high, plus a boost to 95% LTV deals, which are at their highest count since March 2008. The electronic monitoring of LTV choice at Moneyfacts…
Read More
Breaking News

Lovelocked London homebuyers face romance premium

The latest research by London lettings and estate agent, Benham and Reeves, reveals that lovelocked London homebuyers house hunting across the capital’s most romantic locations can expect to pay house premiums of more than 64%. But couples can still find great value if they know where to look. Benham and Reeves has identified nine of…
Read More
Breaking News

First-time buyers face highest hurdle in England

The latest research from Yopa has found that while first-time buyers in England continue to face the highest cost of getting a foot on the property ladder, at £27,807, it’s their Scottish counterparts who have seen this cost rise by the largest margin over the last year, increasing by 5.5%. Yopa analysed* the current cost…
Read More