29th May 2018 11:13
LONDON (Alliance News) - OnTheMarket PLC said Tuesday it added 3,000 estate agents offices to its property sales platform since its London listing in February, meaning it now has listing agreements with UK estate agents with more than 8,500 offices.
OnTheMarket, the operator of the property portal OnTheMarket.com, also said it reached over one million active property alerts, showing increased consumer engagement.
Chief Executive Officer Ian Springett said: "We are extremely pleased to be continuing to exceed our own expectations of the overall number of agents signing up, and to have achieved this latest milestone of 8,500 offices just two weeks after reaching 8,000 offices.
"We remain committed to creating an agent-backed, full-scale challenger portal that injects some much-needed competition into the property portals landscape by disrupting what has for too long been effectively a cosy duopoly," Springett said, referring to Rightmove PLC and the Zoopla platform of ZPG PLC.
OnTheMarket shares were flat at 176.00 pence on Tuesday.