Support for OnTheMarket.com rises beyond 6,500 estate and letting agent offices

January 14, 2016

Overall support for property website OnTheMarket.com has reached in excess of 6,500 UK estate and letting agent offices, which is an increase of more than 50% since this time last year.

The figure consists of contracted members and agents who have signed a Letter of Intent to join OnTheMarket.com when total support reaches 7,500 offices.

This latest announcement comes just eight weeks (19 Nov) after OnTheMarket.com revealed support had exceeded 6,000 offices.

The tried and tested use by OnTheMarket.com of non-binding Letters of Intent has been its primary method of building membership of the portal. Previous versions of the letter in 2013 and 2014 were very strong drivers of substantial growth in membership numbers.

OnTheMarket.com gathered its initial 1,800 Gold member offices in 2013 with this approach and it contributed to attracting over 2,800 Silver and Gold member offices in 2014. The rate of conversion to contract in both cases exceeded 80%. The latest Letter of Intent programme started at the end of June 2015 and sign-up by agents is now growing in momentum across the country.

As with earlier phases, the Letter of Intent scheme runs alongside the recruitment of fully contracted members.

OnTheMarket.com’s next major milestone is to reach the overall support of at least 7,500 offices.

Ian Springett, Chief Executive of OnTheMarket.com, said: “This latest announcement which reveals the support of more than 6,500 offices is an indication of how the momentum behind OnTheMarket.com is building across the country.

“We look forward to welcoming to the only agent-owned, agent-controlled portal more and more agents who seek to regain strategic control of their data and costs.

“The more agents who join OnTheMarket.com and the sooner they do so, the more powerful the portal will become in continuing to disrupt the duopoly and in providing a first-class alternative search service for consumers and agents alike.”

 

Alex Evans

You May Also Enjoy

Breaking News

Breaking Property News 30/6/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   8% of commercial real estate investors and owners have started AI pilots – the reasons why most fail Only 5% of CRE operators achieve most of their AI program goals According to JLL’s 2025 Global Real Estate Technology Survey of more than 1,500 senior…
Read More →
Rightmove logo
Breaking News

What the average asking price buys across Great Britain

New analysis from the UK’s largest property platform Rightmove reveals what buyers can get for the current average asking price of a home, at approximately £378,000 The analysis shows that in some areas, buyers can find five-bedroom homes for around the national average asking price, whereas in other areas it is only a flat or studio that buyers can afford There are clear…
Read More →
Breaking News

3 in 5 homes listed for sale since January are still on the market

Higher mortgage rates and political uncertainty hits housing sales with three in five homes since January still searching for a buyer   Three in five homes listed for sale since January are still on the market – with sales agreed over the last 4 weeks -7% lower than last year Buyer demand has also fallen…
Read More →
Breaking News

Mortgage approvals down 11% in May

The latest mortgage approval data from the Bank of England show that: –   Mortgage approvals on house purchases for May sat at 56,205 down (-14.9%) from 66,034 seen in April. Approvals are down (-10.8%) when compared to the 62,980 seen in May 2025. This annual decline was expected due to wider political and economic uncertainty;…
Read More →
Breaking News

Money and Credit – May 2026

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals decreased to £2.9 billion in May, from £4.4 billion…
Read More →
Breaking News

More than 5,300 land listings currently available in Britain

The latest research from LandSale, the property portal dedicated to land and rural property, has revealed that there are an estimated 5,373 land listings currently available across Great Britain, with almost a quarter, 24.9%, listed in the past 30 days. The analysis examined all land-only listings currently being marketed across Great Britain. LandSale assessed the…
Read More →