Portal says the tough market has reduced the number of member agents signing up to long-contract, full-fee deals and that profitability will now be in 2022.
Read MoreOTM makes its first steps into new home market after signing up Barratt
Deal will see properties from across Barratt's three brands and 26 divisions on the portal, although it is unlikely to generate much revenue for the portal this year.
Read MoreOTM challenges Rightmove to follow its lead and introduce a fees freeze
Portal says it is to both not increase its fees during 2020 and also maintain its 10% discount system for agents who observe the 'one other portal' rule.
Read MoreOTM launches new bid to differentiate itself from Rightmove and Zoopla
Company is to spend September blitzing TV, radio, poster and online channels with a revamped version of its original campaign.
Read MoreUltimate Estate Agents’ Guide: Property Portals
Read The Negotiator's 10-minute read guide to the world of Rightmove, Zoopla, OnTheMarket and their predecessors.
Read MoreOnTheMarket says tide is turning in portals market
As the challenger portal makes ground on Rightmove, agents say, “Our customers say that where the leads come from is of no consequence to them."
Read MoreOnTheMarket says 52% of its member agents are now paying customers
Crucial period for property portal begins as its attempts to persuade 'freebie' customers to start paying £337 a month for its service.
Read MoreNew high: OnTheMarket has 83% of Zoopla’s property listings
Challenger portal also suggests its expansion efforts have helped reduce Zoopla's total listings by 4.2% year-on-year.
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