Abrahmsohn on OTM's proposed £100mn takeover: 'CoStar must be licking its lips in anticipation of hoovering-up this bargain basement deal'

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Glentree boss and OnTheMarket founder argues £99mn is 'a pedestrian bid' and suggest 'there must be a few more golden nuggets in the treasure chest to be enjoyed, before calling time on this offer.'

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Last week's successful launch of OnTheMarket.com demonstrates to the big media groups that agents can do the job just as well, if not better, says Trevor Abrahmsohn...
News

'The acquisition of OnTheMarket represents an attractive and efficient entry point for CoStar into the estimated £8 trillion United Kingdom residential property market,' says CEO Andy Florance.
News

Increased spending by estate agents has boosted the property portal's revenue, but a 'higher than expected' number of agents are cancelling contracts as the property market slows.