OnTheMarket.com signs listing agreements with more than 10,500 offices
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that as of 22 August, it has signed listing agreements with UK estate and letting agents with more than 10,500 offices.
This increase of over 5,000 branches since Admission on 9 February represents growth of 91%.
The Company believes that it now has listing agreements with approximately 57% of UK residential estate and lettings agency branches.
Ian Springett, Chief Executive Officer of OnTheMarket, said: “As our property stock continues to rise and traffic increases in response to our recent marketing push, we are receiving positive feedback from more and more agents across the country about the level of good quality leads we provide.
“Many agents are relatively small, family-run, independent businesses, which want to see greater value for money from portals, as well as a real choice for consumers when it comes to searching for property.
“As an agent-backed business, OnTheMarket’s strategy allows agents to benefit through fair, sustainable pricing and the ability to invest in, and benefit from, the success of their portal, while keeping agents at the heart of each transaction to leverage their local knowledge and expertise.”
OnTheMarket reveals that the growth in OnTheMarket’s agency branch base to date has been predominantly from offering free listings under short term introductory trial offers, with a view to converting these to full tariff contracts when the value of its offering has been demonstrated.
Source of information OnTheMarket.com