‘OnTheMarket.com is here to stay’, says CEO

Ian Springett, Chief Executive of OnTheMarket.com, comments on the response from the open letter from the Competition and Markets Authority (CMA): “Some of the response from certain quarters to the open letter from the CMA has, in our view, been at best opportunistic and misleading and at worst sensationalist and preposterous.

“The reality is that we welcome the CMA’s stance of cautioning agents against colluding. As a business we have consistently given agents precisely the same advice to make any decisions independently.

“The virulence of some of the attacks only serves to underline yet again the sensitivity of some of our detractors to the progress we are making and to the impact we are having on the market. For instance, the idea that the CMA letter should somehow trigger Board resignations at Agents’ Mutual is frankly ludicrous. There has been no suggestion from the CMA that OnTheMarket.com has acted improperly in any way. Indeed, the CMA explicitly writes that it sees no reason to be in touch with us.

“After just 15 months, OnTheMarket.com has established itself as a competitive force in the property portals marketplace and continues to grow in terms of agent support and consumer traffic. It might be disappointing for some of our detractors but OnTheMarket.com is here to stay. The overwhelming majority of our members remain supportive and determined to continue to build on the achievements so far.”

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More