OnTheMarket
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Latest property news
OTM shares surge after newspaper columnist recommends ‘buy’
City investment tipster Sabah Meddings at the Sunday Times helps portal's shares continue a 28-day rally.
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Latest property news
Carter Jonas returns to Zoopla six years after leaving
Company says 'time is right' to reintroduce its clients to the portal despite being an early 'golden ticket' member of OnTheMarket.
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Latest property news
OnTheMarket’s attempts to catch up with Zoopla and Rightmove criticised
Comments made by leading US proptech expert Mike Delprete over the weekend within his analysis of the most recent portal traffic figures.
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Latest property news
OTM share price rises by over 40% in just two weeks
OnTheMarket’s share price jumped by 5% yesterday as the company’s stock continues its two-week-long fightback which has seen its shares increase by over 41% to £1.02p. Since it went public on London’s AIM market nearly a year ago the company’s stock has enjoyed mixed fortunes, rising to £1.80 last summer but since then slowly falling away to 72p before starting its recent rally. City investors have begun taking the property portal’s claims seriously after OTM’s attempts to gain market share have begun to bear fruit, and reassured by the ending of its legal wrangle with Gascoigne Halman over its previous ‘one other portal’ rule. The residual non-competition issues relating to OTM’s legal claim against the estate agency remain to be resolved. Last week OTM revealed that it now has 12,500 listing branches which based on Local Data Company sector research suggests it has 70% of agents signed up. Earlier this week it claimed to have 80% of Zoopla’s listings and 60% of the whole market. “We are currently running advertising campaigns across national television and radio which complement our sustained heavy investment in digital marketing,” says CEO Ian Springett (left). “We are confident in our ability to deliver a market-leading,…
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Latest property news
Judges reject Gascoigne Halman appeal in OnTheMarket competition case
Connells-owned estate agency has ultimately failed in its expensive attempt to overthrow the July 2018 Competition Appeal Tribunal judgement.
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Latest property news
Zoopla withdraws from Facebook Marketplace four months after joining
Property portal Zoopla has withdrawn its 300,000 properties from Facebook's Marketplace platform just four months after signing up.
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Latest property news
OTM nearly doubles its branch count in just ten months using freebie deals
Property portal OTM now has 12,000 branches listing on its site ten months after its launched on the AIM stock market.
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Latest property news
OnTheMarket latest listings push signs up seven multi-branch agencies
Seven multi-branch, medium-size estate agents have signed up to OnTheMarket over the past four weeks, the portal has revealed. These are Michael Jones & Company in Sussex as well as Castles Estates in London, Churchill Estates in East London and Essex, Fraser & Co in London, Green & Company in the West Midlands, Saint Andrews Bureau in Cambridge and London and Thomas James in Nottinghamshire. After joining OTM, all of them now list with the three main portals and between them they have nearly 50 branches, additions which helped OTM reach 11,500 listing estate agency branches on 30th October. “Michael Jones & Company’s Managing Director, Mike Jones (left), said: “We are very pleased to have joined the portal and look forward to a successful and long-lasting relationship. It’s great to see the positivity surrounding OnTheMarket now that it has found more traction in the market. “This decision will significantly benefit our clients and business and we are proud to support the agent-backed portal”. OTM also now says its spread of agent sizes ranges from 300-branch franchised corporate Belvoir to ‘thousands’ of smaller agencies with one to three branches. “Helen Whiteley, Commercial Director at OnTheMarket.com (right), said: “This further recent progress…
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Latest property news
EXCLUSIVE: Agents’ Mutual and Gascoigne Halman return to court to fight it out again
Agents’ Mutual and estate agent Gascoigne Halman are to lock horns once more in the courts in two week’s time, The Negotiator can reveal. The Court of Appeal has disclosed that the two sides are due in court on November 27th for a three day hearing after Gascoigne Halman, which is owned by Connells, was given leave to challenge the original Competition Appeal Tribunal adjudication which took place in July last year. That found that Agents’ Mutual, which since the court case has become a wholly-owned subsidiary of OnTheMarket plc, was entirely legal in its pursuit of a then strictly enforced ‘one other portal rule’ which has since been dropped, and also its exclusion of online-only and hybrid agents and its listings’ ‘exclusivity’. The three judges also did not find that Agents’ Mutual had pursued any kind of concerted ‘boycott’ of Zoopla, as had been suggested during the original 10-day hearing. Agents’ Mutual “In July 2017, judgement was handed down by the Competition Appeal Tribunal in favour of Agents’ Mutual and against Gascoigne Halman Limited on all competition issues; the One Other Portal rule was upheld as lawful and enforceable and Agents’ Mutual was awarded £1.2m as an interim payment towards…
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Latest property news
Leading London agent Portico signs up to OnTheMarket
Firm to now list with all three portals and says it "wants to see where this new partnership takes us".
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