Company Tag: OnTheMarket
OnTheMarket trumpets record advertiser numbers
The CoStar-owned portal has over 15,000 advertisers on its books for the first time
Rightmove profits rise again as agents spend more
But the number of property agents using the portal dipped last year, and the management warns that 'customer numbers are likely to drop slightly' again in 2024, 'given the ongoing uncertainty in the macro…
2024 marks the turning point in the investment cycle for our residential business – CoStar
OnTheMarket's new owner generated nearly $2.5bn in revenue last year.
Vendor sentiment dips in London but market remains ‘surprisingly resilient’ – OnTheMarket
55% of UK sellers remain confident they will sell within the next three months.
Over half of vendors expect to sell within the next three months – OnTheMarket
Current sentiment levels are 'all the more impressive when you consider the seasonal effects at play at this time of year'
OnTheMarket shareholders approve CoStar takeover
Over 90% of OTM shareholders that voted approved CoStar's acquisition of the property portal.
OnTheMarket: Pause in interest rate rises has reinforced market stability & buyer confidence
'People are breathing a sigh of relief,' says portal, although sentiment has dropped off significantly in some parts of the UK.
OnTheMarket to be sold to American real estate data giant in £100mn deal
'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.
OTM chief: The current market is not all about plummeting prices and transactions – far from it
Those properties which are priced sensibly are attracting buyers within a sensible timeframe, says Jason Tebb, as the portal updates on its latest national sentiment survey.
Seller sentiment dips as seasonality returns to the housing market
Buyers are now 'hypersensitive' on price, and unlikely to commit to a viewing unless the asking is sensible, reports OnTheMarket.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Rightmove, Foxtons, LonRes, UBS, Knight Frank, Acadata & more...