Onthemarket.com releases a progress report following admission to AIM

February 20, 2018

Onthemarket.com achieved their admission to the Alternative Investment Market (AIM) and first day of dealings  on Friday 9th February 2018, they followed this up with a progress report on Friday last week in which they announced that after five days of trading on AIM, agent support for its portal has been extremely encouraging.

On the 14th February Onthemarket.com announced that Arun Estates 100+ branches are now listing properties at OnTheMarket.com in 5-year agreement. This agreement was conditional upon OnTheMarket plc’s admission to the AIM market of the London Stock Exchange. Under the agreement, Arun Estates has also agreed to actively promote the OnTheMarket.com portal brand with digital and branch-based marketing activity.

Ian Springett, Chief Executive Officer of OnTheMarket, said: “The level of agent interest on the ground for the OnTheMarket proposition has been extremely encouraging, not least in terms of the number of offices which have already signed a contract with OnTheMarket during our first week of recruitment and selling.

“The estate agent sector is highly local in character and early indications are that we are on track in terms of creating local momentum in the marketplace up and down the UK.

“The more agents who join now, the more we believe all agents and property-seekers will benefit in terms of the increased property stock at OnTheMarket.com. We are focused on reaching out to agent firms across the country which can see the disruptive appeal of our proposition of sustainable fair pricing from an agent-backed portal. We aim to build rapidly on this early momentum as a key step towards becoming a full scale competitor to the market-leading portals.”

Read the OTM news release 16th February 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.

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