Speculation that OnTheMarket was courting Countrywide to list on its website after flotation may have suffered a setback following an announcement from ZPG that it had renewed a long-term agreement with Countrywide.
“As part of the new agreement, Countrywide, which operates almost 1,000 estate and lettings agent branches across the UK under multiple brands, will advertise all of its property listings on the ZPG platform for a further three years from the start of 2018” says a statement from ZPG.
Alison Platt, chief executive of Countrywide, says:“As the leading property services business across the UK, Countrywide is pleased to have cemented a refreshed and extended relationship with ZPG. The benefits to our group and to our brands are significant and give us a strong platform to grow our business in the coming months and years.”
Meanwhile Alex Chesterman, ZPG’s founder and chief executive, says there are “significant opportunities for both businesses” as a result of the deal.