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TODAY'S OTHER NEWS

OnTheMarket's next trading statement expected next Tuesday

OnTheMarket says it’s going to issue its next trading statement one week today on October 13.

This will cover the first six months of 2020.

In June the portal revealed that as of the end of June it had a record 14,000 advertisers - that is, agency branches and individual housing developments. Almost 600 branches had joined under the portal’s most recent listing offers, which issued ‘welcome shares’ to each business alongside full-tariff paying contracts. 

Over the previous 12 months the number of agent branches listing exclusively with the portal had risen to 1,619 - an increase of 42 per cent. 

More recently, in August, it announced record leads with over two million in that month - an increase of 64 per cent year on year, with an average of 149 per advertiser. 

Visits to the site exceeded 27.5m for the month. 

The portal admitted over the summer that it was engaging in redundancy consultation with a small but unspecified number of staff; no formal announcement has been made by the company about staff job losses since that time.

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