OnTheMarket (OTM)
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Proptech
OnTheMarket closes lettings software arm in surprise move
The portal says OnTheMarket Software, which used to be known as Teclet, will cease operations next June.
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Marketing
OnTheMarket says it has caught up Rightmove… among builders
Portal's John Doyle says it has seen a significant increase in the number of developers and house-builders listing properties on its site.
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Latest property news
Rightmove shares tumble after big bank tells investors to sell
The portal suffers one of the biggest drops on the Stock Market after JP Morgan advises shareholders to release their holdings.
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Latest property news
Zoopla reveals marketing push hours after OTM’s big spend announcement
Zoopla says eight-week TV and digital revival of its bum-squeaky house price ads is 'just the start' for a busy 2024.
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Latest property news
Big changes at OTM following £100m Co-Star acquisition
Five seniors from CoStar in the US and Europe will now make up the portal's board, with its existing CEO, CMO and CFO remaining to run OTM but not on its board.
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Latest property news
‘Agents will rue the day they cashed in their OTM chips’
OTM founder Trevor Abrahmsohn says the hope that the portal would help crack the Rightmove/Zoopla duopoly have faded with its sale to CoStar.
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Latest property news
OnTheMarket shareholders vote through CoStar sale
Over 90% of shareholders including many agents vote to accept the US firm's £1.10p per share offer.
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Latest property news
Rightmove defiant in face of expected OTM onslaught
The portal's CEO Johan Svanstrom says its revenue and profit figures are healthy despite the anticipated attack from OnTheMarket and its new American owners.
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Latest property news
Rightmove shareholders told to sell shares or face 30% drop
Investment bank Citigroup says competition from new OnTheMarket owners CoStar threatens Rightmove's position.
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Latest property news
OTM founder urges board to think again over takeover deal
Trevor Abrahmsohn says: "This could be the greatest opportunity lost since Decca turned down the Beatles".
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