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TODAY'S OTHER NEWS

OnTheMarket reveals latest total of estate and letting agencies listing

OnTheMarket has announced that it now has more than 6,400 estate and letting agency offices listing on its site - a total reached after 12 successive months of growth. 

The figure - released only this morning but relating to those agencies listing a month ago, at the end of July - represents an increase of almost 1,000 offices year on year, the portal says. This is an increase of 17 per cent.

Ian Springett, the portal’s chief executive, says: “Between January and June, the number of listing offices grew by 10 per cent. As irritating as this is to our detractors, we enter the autumn stronger than ever, determined to work towards creating the best portal for consumers and agents alike.”

He adds that OTM’s facility for some agents to advertise new-to-market properties exclusively on the portal 24 hours or more ahead of rivals is “a strong and compelling reason for consumers to visit the website.”

Springett’s statement goes on to say that back in May OTM announced it “had the support of 7,000 estate and letting agent offices.” 

He says this figure continues to grow, and includes offices which are contracted and those which are covered by Letters of Intent to join Agents’ Mutual - OTM’s parent company - and to list on the portal when overall support exceeds 7,500 offices.

The statement does not specify the new total of supporting agencies but Springett concludes by describing the 7,500 ambition as “our next milestone.”

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