Strong and growing support for OnTheMarket proposition.

July 4, 2018

OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that, less than five months since its IPO, the portal is already displaying more than 550,000 UK residential property listings, in excess of half of the total market.

OnTheMarket revealed in the announcement that the increase in residential listings at OnTheMarket.com reflects the rapid growth in contracted agents with agreements to list their properties on the portal. As at 3 July 2018, the number of contracted agent offices has grown, since the Admission to AIM of OnTheMarket plc on 9 February, from 5,500 to more than 9,500, which represents an increase of more than 72%. The Company believes that it has listing agreements with approximately 51% of UK residential estate and lettings agency branches. 

Ian Springett, Chief Executive Officer of OnTheMarket, said: “We are extremely pleased that, as a result of our reported growth in contracted agents, OnTheMarket.com is now displaying well over half of the market in terms of UK residential properties. The very strong and growing agent support for our proposition has enabled us to rapidly gain ground on the market share of property listings of our long-established key competitors. We remain committed to creating an agent-backed, full scale challenger portal that injects some much-needed competition into the property portals landscape by disrupting what has for too long been effectively a cosy duopoly.”

The OnTheMarket announcement 4th July 2018 can be read in full 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.

You May Also Enjoy

Estate Agent Talk

Letting Agents in Exeter: Your Guide to Stress-Free Property Management and Rentals

Exeter, a bustling city in the center of Devon, has a booming rental market because to its strong job opportunities, first-rate educational system, and historic charm. Exeter leasing agents offer helpful services that make the process easy and stress-free, whether you’re a tenant seeking for the ideal house or a landlord trying to get the…
Read More →
Breaking News

69% of UK mortgage brokers expect base rate to rise

Interest rates and legislative uncertainty top concerns for UK mortgage brokers   A new survey of 300 UK mortgage brokers has found:   69% believe the base rate will be higher than the current level of 4.50% at the start of 2026. 67% expect interest rates and the cost of borrowing to be the single…
Read More →
Breaking News

1 in 4 Brits Already Locked Out of Homeownership as Stamp Duty Costs Become Unaffordable

Stamp duty reforms could shatter homeownership dreams for the 25,000 first-time buyers racing to beat the deadline David Hannah, Group Chairman of Cornerstone Tax, urges the government to scrap its stamp duty reforms and focus on addressing the wider housing affordability crisis Home buyers across the UK are racing to complete purchases before the 1st…
Read More →
Estate Agent Talk

Exploring Streatham: Is It a Desirable Place to Live?

Streatham, located in South London, has seen a remarkable transformation over the years. Once considered a lesser-known part of the capital, it has now become a sought-after area for families, young professionals, and first-time buyers. But what makes Streatham such an attractive place to live? Let’s take a closer look at what this neighbourhood has…
Read More →
Paint Stripper Tools
Home and Living

5 Top Tips for Enhancing Your Home Before You Sell

Selling your home can feel like the end of an era, with lots of packing up to do, and re-organising of your life. Whether you’re downsizing, upgrading, or moving locations, there’s plenty to do to get your new life started. However, making some small but crucial changes to your abode before putting it on the…
Read More →
Love or Hate Rightmove
Breaking News

Kilmarnock named cheapest area for a first home

Average first-time buyer monthly mortgage payment still £350 more than five years ago, as Kilmarnock named cheapest area for a first home The latest data from Rightmove’s weekly mortgage tracker shows that the average first-time buyer mortgage payment is still £350 more each month, or 59% higher, than five years ago despite market improvements A…
Read More →