Chancellors Group has signed a five year deal to list its sales and lettings properties with the OnTheMarket portal.
The group has over 50 branches trading as Chancellors in parts of southern England, as Anscombe & Ringland in areas of London and as Russell Baldwin & Bright in Hereford, Powys and Mid Wales.
The agreement is conditional upon the portal’s IPO taking place according to a statement made this morning.
Robert Scott-Lee, Chancellors Group managing director, says OTM “adds much-needed competition in the UK property portals market.”
Yesterday ZPG announced to its shareholders that it had seen its agency partners and inventory totals rise six per cent and five per cent respectively in the past year, to 14,775 branches and 969,000 listings.