OnTheMarket has confirmed to Estate Agent Today that it will be listing overseas properties "in the coming weeks".
Amongst the founding members of Agents' Mutual - OTM's parent company - the agencies Knight Frank, Savills and Chestertons have substantial international divisions with portfolios aimed primarily at high net worth individuals.
Knight Frank, for example, publishes PIRI - the Prime International Residential Index which it describes as "performance data for 100 of the world’s key luxury city and second-home markets ... recognised as the sector’s most comprehensive performance benchmark."
Savills' agency website lists well over 300 homes for sale in the Caribbean alone at prices up to £19m while it is marketing over 700 homes in Spain, where the firm recently celebrated 25 years of activity with a Madrid cocktail party for 200 guests.
There had been speculation within the industry that OnTheMarket was going to launch its international channel this week.
But a spokeswoman has told EAT: "We will be listing overseas properties in the coming weeks but there won't be any details yet on a specific time-frame". No other details of the international element of the portal have been released so far.
Meanwhile OnTheMarket announced over the weekend that in September it achieved 5.6m visits according to Google Analytics; this was up from 5.4m in August.
This traffic consisted of more than 2.7m unique visitors, compared to 2.5m in August.
Last month was also a record month for the number of leads delivered to agents, although the portal has not specified any figure for this.
Ian Springett, who has previouslty suggested that OTM would supplant Zoopla as the number two portal within a year of its launch, says: We believe it is only a matter of time before we overtake Zoopla as the number two portal in terms of available UK property listings."
Last week OTM described as a 'detractor' the online estate agency that claimed a number of multi-office agencies selling UK properties had left the portal.