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TODAY'S OTHER NEWS

50-branch Andrews chain is the latest signing for OnTheMarket

Andrews, which has over 50 branches across the south of England, is the latest major chain to sign up to OnTheMarket.

In an announcement this morning the agency’s chief executive, David Westgate, says: “We have closely watched its recent growth since its listing on AIM and we have been impressed by the undoubted momentum it has built amongst both agents and property-seekers. 

“In a market where agents provide the portals with the majority of both their content and revenue, we are highly attracted by the agent-backed business model and are now very pleased to announce our support for OnTheMarket by committing to a long-term listing agreement.”

OTM’s chief executive Ian Springett says: As an independent firm with a strong reputation for its quality of customer service and ethical standards, Andrews has achieved an enviable market share in the south of the UK and the firm will undoubtedly strengthen our position in the area.”

Yesterday OnTheMarket announced that it now has signed listing agreements with more than 11,000 estate agency offices - over double the figure it had when it floated on the London Stock Exchange in February. 

The portal also says that it reached a record high of 17.4m visits last month - more than three times the number of visits compared with February. 

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