OnTheMarket
-
Latest property news
OnTheMarket results reveal profits down 10% as tough market and hybrids impact agents
OnTheMarket results released today reveal a tough year for the portal during the 12 months run-up to its AIM launch.
Read More » -
Latest property news
D-DAY for OTM? Portal to reveal first audited results since flotation – on Thursday
OTM has announced that it's first year's audited accounts are to be released on Thursday, the first since it floated on AIM last year.
Read More » -
Latest property news
OnTheMarket to catch up Zoopla by early 2019, figures suggest
Property portal OnTheMarket is recruiting 28 agents every day to its service and is on track to catch up Zoopla's current tally in February next year.
Read More » -
Latest property news
Reapit develops real-time listings feed for OnTheMarket agents
Software giant Reapit has developed a real-time feed for agents who list with portal OnTheMarket including both large and smaller JET users.
Read More » -
Latest property news
OnTheMarket has now signed just under 40% of all estate agent branches
property portal onthemarket has signed up 7,500 branches or nearly 40% of all estate agents in the UK to its service.
Read More » -
Latest property news
Will every agent eventually have to list on all three portals?
As Yorkshire market leading agency Manning Stainton decides to be on Rightmove, OnTheMarrket and now ZPG, many agents now feel under pressure to follow suit.
Read More » -
Latest property news
OnTheMarket founding agent Chestertons signs with ZPG
Chestertons, one of the founding agents of property portal OnTheMarket (OTM) and one of London’s largest branch networks, has returned to Zoopla after a three-year hiatus. Its 32 branches have started listing on ZPG’s two websites with immediate effect as well as continuing to appear on Rightmove and OTM. A spokesperson from OnTheMarket said: “”Chestertons remains a valued and supportive estate agent customer of, and shareholder in, OnTheMarket and indeed has recently chosen to sign a new 5-year listing agreement with us.” Chestertons is one of a growing number of agents now listing on all three platforms after OTM lifted its ‘one other portal rule’ following its listing on the AIM stock market. “We’re excited to be returning to ZPG and having all of Chestertons properties listed on all four of the UK’s main property websites, which will benefit both our customers and our business,” says Allan Collins, CEO of Chestertons. The company, which founded OTM alongside several other high-profile agents including Knight Frank and Savills, is not the only agent to have signed up with or returned to ZPG recently. The portal says a flurry of branches have signed a listings agreement with it in recent weeks including eight…
Read More » -
Latest property news
OnTheMarket signs up 1,000+ new branches via equity participation and free listings
OnTheMarket Plc says over 1,000 additional agent branches have been signed up to its recently AIM-floated portal just five weeks after its shares first began trading, taking its branch total to over 6,500. The portal’s salesforce have a new offering to tempt agents to list with them – Agent Recruitment Shares – which “selected” sales and lettings agents are being offered, in effect locking them in to OnTheMarket for an undisclosed period or, as the portal puts it to “align their interests as shareholders with the success of the company”. “We believe that as we expand our sales team, we shall continue to sign up more and more new estate and lettings businesses up and down the country,” says OnTheMarket CEO Ian Springett. This new form of equity participation in OnTheMarket is running alongside the longer-term deals earlier listers on its portal were offered. Those not being offered the equity scheme, or who don’t want to get involved, are being given free or discounted listings deals for an introductory period and who, OnTheMarket hopes, can be converted at a later date. This latter model is the one its competitor Zoopla employed when it launched to persuade agents to list on…
Read More » -
Latest property news
Will most agents soon be listing on all three property portals?
Franchising corporate giant Hunters is the latest large estate agency group to sign up to all three property portals after confirming it had begun listing its properties via OnTheMarket (OTM). The company was one of several key industry brands to sign up to the portal last last year for a long-term deal on condition OTM successfully floated on the London Stock Exchange’s AIM market. Before the flotation OTM said it would drop its controversial ‘one other portal rule’ once its shares had been listed. This has prompted an increasing number of agents, therefore, to sign with all three portals. Like Hunters, which has 200 franchised branches across the UK, this includes Chancellors and Douglas & Gordon, with more expected to follow soon. “We are pleased to be able to offer this huge benefit to our customers who can rest assured that with Hunters, their properties will be marketed to the widest possible audience,” says Glynis Frew, Hunters’ CEO (pictured, left). “Furthermore, as a franchisor, we are also delighted that this deal brings significant advantages to our 200 plus network of branches, who are very enthusiastic and positive about the news. “This is a fantastic addition to our service offering that…
Read More » -
Latest property news
ZPG fires latest salvo in its ‘signings’ battle with OnTheMarket
The battle between ZPG and OnTheMarket to poach agents off each other kicked off again yesterday when the Zoopla parent company said it had lured 100 new agents back to its purple portal, and signed existing client Chancellors to a new five-year deal. Competition between the two is now fiercer than ever after OnTheMarket (OTM) dropped its ‘one other portal’ rule following its recent AIM flotation, while ZPG is keen to counter OTM’s recent push to sign up small and medium-size agents, which so far has seen several hundred new agents sign up. The larger of the 100 agents on ZPG’s list includes some recent, as well as less recent, returnees including Curchods, Douglas & Gordon and Jones Lang LaSalle in London, Henry Adams in Surrey and Sussex, Morris Marshall & Poole in Wales and Whitakers in Hull. These companies between them have nearly 80 branches plus ZPG says the rest of the returnees are one, two and three branch agents, taking the total number of additional branches now listing with ZPG to 200 or more. ZPG also says the Chancellors Group, which as well as its own branches in London and the Home Counties plus Anscombe & Ringland in…
Read More »