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

Bailey applies the brakes but ‘two more 2026 cuts priced in’

Vote to hold rates ‘closer than expected’ as Bank of England eyes April for 2% inflation target Focus turns to US and Japan in impact they play on shape of global investment flows says Rathbones’ Head of Market Analysis Kirsten Pettigrew, Senior Financial Planner, warns of making financial decisions based on speculation around rate trajectories…
Read More →
bank of england interest rate
Breaking News

Bank of England to hold interest rates at 3.75%

Following the Bank of England’s decision to hold interest rates at 3.75%, here are some thoughts from the Industry. Matt Smith, Rightmove’s mortgages expert says: “Today’s Bank Rate hold was widely expected given underlying inflation and wage growth data, and it’s currently likely we’ll see the next Bank Rate cut in June. Average mortgage rates…
Read More →
Breaking News

Building Safety Approval Process Urgently Needs Fixing

Bradley Lay, a Leading Construction M&A Expert Calls on Government to Urgently Fix Building Safety Approval Process as Insolvencies Surge A leading UK construction expert has called on the Government to urgently reassess the Building Safety Regulator (BSR) approval process, warning that delays in the current system are “slowly killing the economy”, triggering thousands of…
Read More →
Breaking News

Kickstarting Private Housebuilding is Key to Sector-Wide Recovery

Starts on-site decline by 9% during the three months to January 2026, remaining 16% below 2025 levels Residential construction starts fell by 24% on the preceding three months and 32% against 2025 figures Non-residential project-starts increased by 6% against the preceding three months, finishing 7% up on a year ago Civils work starting on-site remained…
Read More →
Social Housing 2019
Estate Agent Talk

Building the Wrong Homes Won’t Fix Homeownership

For many years, the national discussion about affordable housing has focused on one appealing idea that simply building more houses will make it easier for first-time buyers to own a home, and the issue will fix itself. However, Propertymark’s member agents, working daily in local housing markets across the UK, see a far more complex…
Read More →
Estate Agent Talk

Compliance uncertainty leaves lift fire safety exposed in property sector

As the FM industry continues to adjust to an evolving regulatory landscape, new research indicates that widespread uncertainty and fragmented record-keeping could be undermining lift fire safety compliance, weakening building fire strategies. Last month, the Building Safety Regulator (BSR) became a standalone public body, separating from the Health and Safety Executive to provide a more…
Read More →